REGARDING TRAN 1 OR TRAN 2

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... REGARDING TRAN 1 OR TRAN 2
Query (Issue) Started By: - NAREN KHATRI Dated:- 24-8-2017 Last Reply Date:- 12-9-2017 Goods and Services Tax - GST
Got 4 Replies
GST
I RECENTLY REGISTERED WITH GST (PREVIOUS NOT IN ANY REGIME).. DOING JOB WORK OF TEXTILE CLOTHES WITH 5% GST.. AND HAVING CLOSING STOCK 30.06.2017 OF COLOURS & OTHER MATERIALS WHICH USED IN DOING JOB-WORK PROCESS.. I HAVE FOLL .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... OWING QUERIES .. 1. WHICH FORM SHOULD I HAVE USED TRAN 1 OR TRAN 2 IN TRAN 1 COLUMN SAID Whether all the returns required under existing law for the period of six months immediately preceding the appointed date have been furnished:- Yes/No AS I AM NEWLY IN GST SO... ?? 2. I HAVE BILLS FOR CLOSING STOCK SHOWING ONLY VAT NO EXCISE PORTION SHOWN.. SO WHICH ITC CAN I CLAIM.. VAT AND 60% / 40% (D .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... EEMED CREDIT) 3. IN WHICH TRAN FORMS IN WHICH COLUMNS I HAVE TO FILLED. AWAITING VALUABLE REPLY FROM EXPERTS.. THANKING YOU.. Reply By KASTURI SETHI: The Reply: TRANS 2:is applicable to you. You will get 40 % deemed credit. Whatever amount you show that you are entitled to, is subject to the approval by the System and the department. Reply By NAREN KHATRI: The Reply: Thank you very much for .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... your answer, sir.. but, sir, what about vat which lying in stock..and having vat paid invoices ?? Reply By KASTURI SETHI: The Reply: In such you get full credit. Read TRAN-2 Form. Reply By NAREN KHATRI: The Reply: Thank you very much.. sir.. for reply. But still confused.. with TRAN-2. Sir, will you let me now more about TRAN-2 for 100% VAT CREDIT..
Discussion Forum - Knowledge Sharing .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X