TaxTMI 
TaxTMI 
if client dont want to to take gst credit on stock . is it compulsory to submit trans 1 form for gst credit . although he have closing stock. if he have stock at job worker place is it compulsory to file trans 1 form for giving information about stock at job worker place. in both case he dont want to take credit .
trans1 for input gst credit
21 Aug 2017 
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Input tax credit transfer optional: TRAN 1 not required if credit waived, but exercise caution under section 140.
Filing the TRAN 1 form is optional: if a taxpayer elects not to transfer or avail pre GST input tax credit as on 30.6.17, TRAN 1 need not be filed. Section 140 covers transitional credits including closing stock, stock at job workers, VAT/CENVAT credits, capital goods credits and goods in transit, so the decision not to file TRAN 1 must be taken with caution. For stock at job workers, a stock declaration is necessary to determine GST incidence and transitional treatment. (AI Summary)
Filing the TRAN 1 form is optional: if a taxpayer elects not to transfer or avail pre GST input tax credit as on 30.6.17, TRAN 1 need not be filed. Section 140 covers transitional credits including closing stock, stock at job workers, VAT/CENVAT credits, capital goods credits and goods in transit, so the decision not to file TRAN 1 must be taken with caution. For stock at job workers, a stock declaration is necessary to determine GST incidence and transitional treatment. (AI Summary)