Trans2 itc on closing stock
Querist :
Anonymous
(Querist) 04 February 2018
This query is : Open
dear sir,
My query regarding TRNS2.ITC
That we have filled TRANS1 with closing stock about 200 mt (5 items-HSN/goods) within the due date,
“As the rule prescribe to ensure that all the HSN/goods are declared in TRAN 2, in the opening balance in the month of July, 2017, irrespective of the fact that these have been sold or not in the first i.e. July, 2017 tax period.”
By mistake at the time of filling TRNS2 for july17 out of five items HSN/goods (200mt) only one item 50 mt HSN/goods that was sold during the month of july was taken as opening bal and rest four items HSN/goods was not shown in op bal in the month of july, which was sold during the period july17 to Dec17
So please suggest the way how claiming ITC on the remaining 4 items HSN/goods that was also sold during july to dec.
