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Issue ID: 112783
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C/f of Gujarat VAT on closing stock to GST in Trans - 1

Date 07 Sep 2017
Replies3 Replies
Views 1418 Views
Carryforward of VAT credit requires disclosure in TRAN-1 to enable GST credit ledger update after filing.
The amount carried forward in the June VAT return and purchases invoiced in June but received in July must be disclosed in TRAN-1; these disclosed amounts will be credited to the GST credit ledger after filing TRAN-1, and the VAT return serves as documentary proof for the TRAN-1 entries. (AI Summary)

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

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