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.