Will I fill TRAN 1 TABLE 7A? And there is a option “Value” Is it taxable value or Total value?

Dear sir, In TRAN1 I have closing stock on 30th June. I want to take ITC on Stock and I have duty paying document. In this situation, will I fill TRAN 1 TABLE 7A? And there is an option “Value” Is it taxable value or Total value ( inc. Duty + vat)?

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2 Answer(s)

Taxable value, going by the information asked for.

Answered on September 3, 2017.
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Yes, you have to file 7A and the value means Taxable value as in six number column eligible duties paid on such inputs has been separately asked for.

Answered on September 3, 2017.
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Your Answer

Gen GST