syam max (48 Points)
25 November 2019Dear Team
I have bill of entry copy for imported goods shipment - ( on bill of entry i have valid original documents for central excise paid )
July-2017 i had opening stocks 50000/- ( Central excise paid for eg 10000/- ) i submit Tran-1 also on aug - 2017 on same opening stocks but unfortunately i don't filed tran 2
now how to clear this issue
kindly guide me good suggestion sir
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 25 November 2019
syam max
(48 Points)
Replied 26 November 2019
Our local GST Officer said if tran 2 not submitted then not eligible for taking itc
Is that true sir ?
syam max
(48 Points)
Replied 26 November 2019
Pls check my condition tran 2 is required to file.or not ? ( import of goods - bl of entry )
syam max
(48 Points)
Replied 26 November 2019
Pls check my condition tran 2 is required to file.or not ? ( import of goods - bl of entry )
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 26 November 2019
KINDLY REFER PROVISO UNDER Sub-clause(3) of section 140 & read with rule 117(3) of cgst Act.
its being, where the trader is not having invoices for the stock held in 30/06/2017 was allowed to take credit for the same subject to condition of 60% & 40% as per the rate. such trader is required to report stock in table 7b of Tran1
syam max
(48 Points)
Replied 28 November 2019
Sir
our local sales tax officer saying if tran 2 not submiteed then you can't get itc - what to do ? how to replay kindly guide me sir
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 28 November 2019
But you not liable to file TRAN 2, so Ask you Tax Officer to refer the above said rule & sections
CAclubindia
