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of <h1>Businesses Shifting from UP VAT to GST Can Claim ITC on Stock via Trans 1; Rule 117(2)(b) Applies.</h1> A business transitioning from a composition dealer in UP VAT to a regular GST registration can claim ITC on stock by referring to rule 117(2)(b) of SGST Rules, 2017, using Trans 1. The last date for filing Trans 1 was December 27, 2017, and it cannot be filed with a late fee after this date. Exporting without LUT requires IGST payment, which can be refunded through the shipping bill as a refund application. For late fee refunds, apply manually as per circular 24/2017. Composition tax applies from the month following the option date, requiring normal returns before that.
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