Important GST Dates:
GST Registration Reopened – 25th June
Stock Finalisation – 30th June
Issuing GST-Compliant Bills – 1st July
Filing self-assessment return for July – 20th August
If you are a dealer, manufacturer or a service provider and have unsold stock as on 30th June, 2017, you need to do the following things:
- Finalise your closing stock as on 30th June 2017
- Use that data to file GST transition forms-TRAN-1 and/or TRAN-2
This will help you claim Input Tax Credit (ITC) on old stock under GST.
Download our stock statement template designed according to Form Tran-1 & Tran-2 requirements. Fill it and use it later to file transition forms.
To know everything about how to claim tax credit on old stock, read our transition guide.