tran1&tran 2

Tran 1 applicable for both register and unregistered person under old law( excise, service tax) but Tran2 applicable those person who has not duty paid invoice available, and it not applicable for manufacturer and service provider.
If you have duty paid invoice available then you click on table no 7a and fill data as per requirements, yes click from drop down list, and fill the eligible duty availabe from duty paid invoice and you will get immediate credit in your pmt ledger. No need to file Tran 2.
If you click no, then only you declared the value of stock as on 30.06.2017, then you should need to file Tran 2 every month, which value you declared in Tran 1 , the value reflect in Tran 2 opening balance ( 1.07.2017) , and whatever quantity, value you sold, in that particular month( july) , you will get credit 40 or 60% of cgst on sale amount portion to your pmt ledger, you should do same process in next 5 month for filing Tran 2, for selling out all your old stock within 6 month from the appointment date of gst. Your should remember one thing Tran 1 filing one but Tran 2 filing upto 6 time or old stock out ending which ever is earlier.
Please note I am explaining only input credit of old stock.

If any doubt comes to your knowledge for filing Tran 1 you can mail to msahoo23456 @ gmail.com or call me on 9124545277

In Tran 1 you will get credit immediately of the tax paid on inputs held in stock as on 30 June 2017. it will come from two source. one source is your return filed in earlier laws i.e. service tax, excise or VAT and second source is duty paid invoices. For example if you are registered under VAT and you have excise paid invoice then you will get input of the amount mentioned in excised paid invoice. VAT credit will come via VAT return. Now coming to Tran-2, say you are registered under VAT and you dont have excise paid return and you have only VAT paid return now you will get VAT input via Tran-1 and for hidden excise duty in this invoice you have to file Tran-1. when you dont have duty paid invoice then while filling Tran-1 system asked you to mention value of invoice (non duty paid invoice) and this value will be carried forward to your Tran-2. Now after selling stock (non duty paid invoice stock) you need to file Tran-2 to get credit of 40 % or 60 % . So Tran-1 give immediate credit to your credit ledger and Tran-2 give credit only after selling those stock. Hope its clear. for more info you can call me at 9501543569, 70095-12957.