Goods and Services Tax Network (GSTN) has recently gone live with GST TRAN-1 form. A taxpayer who has the credit of input tax in previous tax regime of VAT/Service Tax/Excise Duty can file this return form along with the particulars of stock [...]
Details to be Furnished in GSTR - 3B GSTR-3B has been introduced to ease the return filing process for the first two months. This is simple return form with merely five tables for data filing. Basic information about the business such as GSTIn [...]
Before I answer the question, I will further re-phrase it for readers for better understanding and consumption. Here our intention is to know “What happens to the stock, lying on the day before GST roll-out” and “What stock treatment should be done to [...]
