Last updated at Dec. 16, 2024 by Teachoo
According to Rule 120 of Central Goods and Service Tax Act, 2017 as passed by Lok Sabha :
Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within ninety days of the appointed day, submit details of such goods sent on approval in FORM GST TRAN-1.
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
Rule 120 GST - Details of goods sent on approval basis You are here
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.