C/f of Gujarat VAT on closing stock to GST in Trans - 1

[MAHENDRABHAI DESAI]

Dear Sir,

With reference to GST provision, please advice how to carry forward Gujarat VAT credit on closing stock as on 30.6.17 in GST in Trans - 1.

Thanks

AI Summary

Guidance on Carrying Forward Gujarat VAT Credit to GST via Trans-1: Key Responses and Legal Proofs Explained. A user inquired about carrying forward Gujarat VAT credit on closing stock to GST using Trans-1. Three responses were provided. One response advised that the carry-forward amount from the June 2017 VAT return and details of material purchased in June but received in July should be disclosed in Trans-1, which will then be credited to the credit ledger. Another response highlighted that the VAT return serves as legal proof for Trans-1. The final response noted that the transferred amounts in Trans-1 are eligible under GST provisions.