tran query
Pawan Agrawal (94 Points)
30 September 2018
i have stock 200000 in 31.3.18 and itc is 10000 then I have to fill tran 1 or not necessary
3 Replies
Sundararajan S
(Final Student of ICAI)
(1764 Points)
Replied 30 September 2018
Tran 1 is only for taking input tax credit from earlier VAT or service tax or central excise. not during GST regime
Vinod Babu
(24191 Points)
Replied 30 September 2018
As per your query, No need to file TRAN 1.
Your excess ITC of march 18 is already carried forwarded to next month.
Your excess ITC of march 18 is already carried forwarded to next month.
Dastagiri
(ipcc)
(79 Points)
Replied 01 October 2018
sir I have filed tran 1 regarding transitional credit of vat . that credit was reflecting electronic credit ledger. but at the time of filing of July month gstr3b return again I have taken 50% of cgst and 50% sgst .then after electronic credit ledger amount was increasing.that time I understood wrongly taken.now what is the rectification
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