TRAN filing is for claiming ITC for tax and duties suffered or unutilized VAT credit, in earlier VAT system. If your stocks were exempted earlier, you would not have paid any tax. So where is the question of claiming tax? On the contrary if you had paid tax earlier, and now it has become exempted,you can definetly claim the tax through TRAN forms.
I have issued a credit note for goods returned where should I show that in Trans 1 Return?? PLz Help
CAclubindia
