gst tran 1

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Saif Ali (Querist)
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11 August 2017 I am concerned to take the credit of vat as on 30th june.otherwise heavy tax would have to be paid. Whether any offline form is available. what are the remedies to take the credit of vat in gst so that gst payable is low for the month of august. whether it would be advisable to file gstr 3b late when the credit as on 30th july will be available. if yes, upto which date we can delay the return.

CA. Vinodh Kothari

CA. Vinodh Kothari (Expert)
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11 August 2017 As of now Form TRAN 1 is not available. You can claim input of ITC of stock as on 30/6/17 only after filing the Form TRAN 1 and the credit of ITC reflecting in you Electronic Credit Ledger.

AS of now there is no provision in Form 3B to claim the ITC as on 30/6/17. You can claim ITC only on the inward supplies made during the month of July. You do not have a choice. You have to pay the tax liability of GST for the month of July without taking ITC as on 30/6/17.

VK.

Saif Ali

Saif Ali (Querist)
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11 August 2017 as per your opinion upto which date it might be available

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Asha Kanta Sharma

Asha Kanta Sharma

(Expert)
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27 July 2024 The availability of Form GST TRAN-1 and the deadlines for claiming transitional credit have been subject to several extensions since the introduction of GST. Here's a summary based on recent trends and updates:

### **1. Historical Deadlines and Extensions:**

- **Initial Deadline:** The original deadline for filing GST TRAN-1 was December 27, 2017.
- **Subsequent Extensions:** Due to issues faced by taxpayers, the deadline was extended multiple times. Extensions were granted until March 31, 2021, for claiming transitional credit.

### **2. Recent Developments:**

- **Notifications and Updates:** The government has periodically extended the deadline or provided relief measures for those who faced technical issues or had valid reasons for missing the original deadlines.
- **Current Status:** As of the most recent updates, taxpayers could still claim transitional credit if they were able to file GST TRAN-1 within the extended deadlines provided.

### **3. Current Guidance:**

1. **Check Latest Notifications:**
- **GST Portal:** Regularly check the [GST Portal](https://www.gst.gov.in/) for the latest notifications and deadlines related to transitional credit and Form GST TRAN-1.
- **Official Communications:** Monitor communications from the GST Council or your local tax office for any recent extensions or amendments.

2. **Consult GST Practitioner:**
- **Professional Advice:** Given the complexity and the frequent updates, it is advisable to consult a GST practitioner or tax advisor for the most current information and to ensure compliance with the latest deadlines.

### **4. Typical Extended Deadlines:**

- **Previous Extensions:** Historically, deadlines have been extended by several months beyond the original due dates. While exact future extensions cannot be predicted, similar extensions are likely if significant issues are reported.

### **5. Filing Strategy:**

- **Timeliness:** File GST TRAN-1 as soon as possible if you have not already done so, to avoid missing any potential deadlines.
- **Documentation:** Ensure all documentation related to VAT credits is accurate and available in case of audits or verification.

### **Summary:**

While specific future deadlines cannot be predicted, the pattern has been to extend deadlines in response to practical issues faced by taxpayers. Therefore, it is crucial to stay updated with the latest information from official GST channels and consult with professionals for the most accurate guidance.

If you need immediate action or face specific issues, reach out to your GST consultant or the local GST office to get the most current advice and support tailored to your situation.