TRANs 1

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who is required to file TRANS 1,2 & 3
we were not ragistered under VAT or any other existing law
Replies (3)
Generally You are not required to file TRAN1,But if you want to take credit of input with respect to stock of appointed date ie; 1st July 2017, then you can file TRAN1 (Table No-7A, 7B,7C) and get credit even thought you were not registered person under existing law, kindly refer provision u/s 140(3),140(4),140(6) in detail
how to show our stock detail.....my stock was tax free item now its become taxable
sir plz understand,ITC means tax paid in input(purchase),if you had purchased exempted item so tax was not paid, therefore not a question of ITC, so you need not to file GSTR TRAN1 ok


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