Provisions under Rule 119 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Declaration of Stock held by a Principal and Agent”, are as under:
CGST Rule 119: Declaration of Stock held by a Principal and Agent (Chapter-XIV: Transitional Provisions)
Every person to whom the provisions of section 141 apply shall, within ninety days of the appointed day the period specified in rule 117 or such further period as extended by the Commissioner [text substituted from 29/09/2017: refer Note 1], 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.
Amendments History:
1. The text ‘ninety days of the appointed day’ substituted with the text ‘the period specified in rule 117 or such further period as extended by the Commissioner’ from 29/09/2017 vide Notification 36/2017.
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| CGST Rules 2017: Last Updated 30/11/2023 |
| The CGST Rules 2017 along with the prescribed GST Forms were initially notified vide Notifications 3/2017 dated 19/06/2017 (Rule 1 to 26), 10/2017 dated 28/06/2017 (Rules 27 to 138) and 15/2017 dated 01/07/2017 (Rules 139 to 162). These Rules/ Forms were subsequently amended by CBIC through various Notifications issued from time to time. Information on this page is a Rule-wise compilation of the Amendments made by various Notifications issued by CBIC from time to time, with best possible efforts for accuracy. In any case, E&OE. For official/ updated information, please visit CBIC website. |
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