Rule 119 of CGST Rules 2017: Declaration of Stock held by a Principal and Agent

Rule 119 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Declaration of Stock held by a Principal and Agent

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”, as per CGST (2nd Amendment) Rules 2017 notified by CBEC on 28 June 2017, applicable w.e.f. 1 July 2017, 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, 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.

Related Posts:

CGST (2nd Amendment) Rules, 2017: CGST Notification No. 10/2017

CGST (Amendment) Rules 2017: CGST Notification No. 7/2017

CGST Rules 2017: CGST Notification No. 3/2017 dt. 19 June 2017

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