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tran 1

10 September 2017

i have vat credit in vat Ist qtr.2017 return.now i am taking this credit in GST tran 1 .Should i also fill stock anywhere?

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4 Replies

sathyanarayana ds (61 Points)
Replied 11 September 2017

no, not to

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RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 11 September 2017

No you ll follow as per TRAN 2

rinku gupta (accountant) (435 Points)
Replied 11 September 2017

what is tran 2

RAJA P M ("Do the Right Thing...!!!") (128075 Points)
Replied 11 September 2017

@ Rinku Gupta Sir.,
TRAN 2 is recording stock clearance FORM...
Who is applied ITC on previous stock he ll be file TRAN 1 Form. After get ITC then he ll clear the stock then he ll be maintain the previous Stock clearance record and file the TRAN 2....