Chapter XIV

Transitional provisions

Rule 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 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.