Rule 119. Declaration of stock held by a principal and job-worker

Chapter XIV

Transitional Provisions

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

Every person to whom the provisions of section 141 apply shall, within ²[the period specified in rule 117or 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.

Note:

1. Substituted by Notification No. 15/2017 – Central Tax Dated 01st July 2017

in the heading,

Declaration of stock held by a principal and agent

following word shall be substituted namely,

Declaration of stock held by a principal and job-worker

2.Subsituted by Notification No. 36/2017- Central Tax issued dated 29th September, 2017.

In rule 119, for the words “a period of ninety days of the appointed day” the words “the period specified in rule 117 or such further period as extended by the Commissioner” shall be substituted.