DUE DATE OF TRAN 1

Page no : 2

swati (CA) (56 Points)
Replied 28 September 2017

Sir, a mandir purchased generator for the use of mandir. But after purchase the genarator is also used by the shops that mandir given them on rent. Generally if mandir use 1 ratio of generator then shops use 9 ratio of it. Now mandir in previous system is not taxable. They purchased the generator by paying vat and having proper bill. Now is it possible to claim that vat in there gst trans1?

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174095 Points)
Replied 28 September 2017

If Mandir is registered under GST as supplier of services............ then it can claim ITC by collection of GST over the rental services, but not as power supplier.....

Sumanth Kumar G (Asst. Manager) (58 Points)
Replied 28 September 2017

Sir,

We have already submitted ST3 returns for the period April 2017 to June 2017 in intime. Is there any chance to file revised ST3 return and then show the unavailed service tax credit and the same can claim in TRANS1.?

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174095 Points)
Replied 28 September 2017

Yes, ST 3 returns for the period April to June 2017 should be filed within 15th August 2017. This return can be revised within 45 days from the date of filing of return. The closing balance of input tax credit will be carried forwarded as CGST input tax credit.

swati (CA) (56 Points)
Replied 28 September 2017

Originally posted by : Dhirajlal Rambhia
	If Mandir is registered under GST as supplier of services............ then it can claim ITC by collection of GST over the rental services, but not as power supplier.....

Yes sir mandir is registered under GST and collecting GST for rental income. Moreover mandir is charging rent for generator services and charging GST over it. So, we will take that Vat amount under trans1 and claim that vat amount against SGST. Just wanna confirm one more thing as mandir in previous law is not filling any vat or service tax return, even then mandir is authorised to take credit of the same?

Upgrade to CAclubindia Pro. Subscribe Now!

Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (174095 Points)
Replied 28 September 2017

@ Swati: Yes, your doubt is correct. As the mandir was not registered under VAT, any VAT paid over Capital goods i.e. generator would not be allowed for ITC under GST.......