1- if we have bills then no need to fill trans 2?
2- if we do not have any bills then we have to fill trans 2?
3- trans 2 fill in the last of the month ??
is it right
7 Replies
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 26 October 2017
but not yet updated
Tejas
(Business )
(31 Points)
Replied 26 October 2017
so we can claim the tax for purchases which are done 1 yr before from July 1 st under trans 2
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 26 October 2017
You can claim ITC on purchase made during 1 year before 1 July.....
Tejas
(Business )
(31 Points)
Replied 27 October 2017
we have stock purchased three years ago and they are luxury items and can't be sold easily so I won't be getting any excise on those??
g mahesh Mundra
(Business and tax consultant)
(3296 Points)
Replied 27 October 2017
Are you newly registered in GST
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 27 October 2017
No credot for any goods purchased before 01 July....
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