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Rule 119 - Declaration of stock held by a principal and agent

[1]119. Declaration of stock held by a principal and [2][job-worker].

Every person to whom the provisions of section 141 apply shall, within [3][the period specified in rule 117 or such further period as extended by the Commissioner], 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.
 

[1] This Rule was inserted by CGST(2nd A)R, 2017 vide Notification No. 10/2017-Central Tax dt. 28-06-2017 wef 01-07-2017.

[2] Substituted for Words “agent” by Rule 2(v) of CGST(3rd A)R, 2017 vide Notification No. 15/2017-Central Tax dt. 01-07-2017 wef 01-07-2017.

[3] Substituted for words “ninety days of the appointed day” by Rule 2(iii) of CGST(8th A)R, 2017 vide Notification No. 36/2017-Central Tax dt. 29-09-2017 wef 29-09-2017.

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