Last updated at Dec. 16, 2024 by Teachoo
According to Rule 119 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :
Every person to whom the provisions of section 141 apply shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1, specifying therein, the stock of the inputs, semi-finished goods or finished goods, as applicable, held by him on the appointed day.
Chapter 14 Transitional Provisions Rules (Rule 117 to 121)
Rule 118 GST - Declaration to be made under clause (c) of sub-section (11) of section 142
Rule 119 GST - Declaration of stock held by a principal and job-worker You are here
Rule 120 GST - Details of goods sent on approval basis
Rule 121 GST - Recovery of credit wrongly availed
About the Author
CA Maninder Singh is a Chartered Accountant for the past 14 years. He also provides Accounts Tax GST Training in Delhi, Kerala and online.