Rule 119 of CGST Rules -Declaration of stock held by a principal and job-worker

Rule 119 of CGST Rules -Declaration of stock held by a principal and job-worker

(updated as on 15.11.2017)

Every person to whom theprovisions of section 141 apply shall, within [the period specified in rule 117 or such furtherperiod as extended by the Commissioner] (Substituted vide Notification no. 36/2017 - Central Tax dt 29.09.2017 for ninety days of the appointed day), submit a declaration electronically in FORMGST TRAN-1, specifying therein, the stock of the inputs, semi-finished goods or finishedgoods, as applicable, held by him on the appointed day.

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CHAPTER XIV

TRANSITIONAL PROVISIONS

Chapter XIVof CGST Rules,2017 consists of six rules relating to Transitional provision rulesunder the GST regime. All this rules are available for your ready reference. Rule 117 :Tax or duty credit carried forward under any existing law or on goods held instock on the appointed day Rule 118 :Declaration to be made under clause (c) of sub-section (11) of section 142 Rule 119 :Declaration of stock held by a principal and job-worker Rule 120 :Details of goods sent on approval basis Rule 120A :Revision of declaration in FORM GST TRAN-1 Rule 121 :Recovery of credit wrongly availed

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