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of <h1>Rule 117: Deadline for GST TRAN-1 Form Submission and Conditions for Input Tax Credit Claims Explained</h1> Under the Central Goods and Services Tax Rules, 2017, Rule 117 outlines transitional provisions for carrying forward tax or duty credits. Registered persons eligible for input tax credit under section 140 must submit FORM GST TRAN-1 within 90 days of the appointed day, with possible extensions. The declaration should detail input tax credits on capital goods, stock held, and supplier information. Credits are recorded in the electronic credit ledger. Unregistered persons can claim input tax credit on stock without excise duty documents, subject to conditions, at specified rates for six tax periods. Compliance with documentation and storage requirements is mandatory.
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