https://www.taxtmi.com/forum/issue?id=112656 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. en-us Mon, 21 Aug 2017 10:15:16 +0530 Thu, 23 Jan 2025 15:55:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112656 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. Discussion-Forum GST Mon, 21 Aug 2017 10:15:16 +0530 https://www.taxtmi.com/forum/issue?id=112656