TaxTMI 
TaxTMI 
Dear Experts,
Your expert advise is requested regarding payment of GST against outward supplies of July'17 and utilizing credit of ITC against inward supplies of July and Cenvat credit for which required ER-1 has been filed.
Payment of GST against outward supplies of July'17
16 Aug 2017 
7 Replies 
1997 Views Asked by
Transitional input tax credit requires TRAN-1 filing before utilisation in GSTR-3B to migrate legacy CENVAT/VAT credits.
Transitional CENVAT/VAT credit may be utilised for GST liabilities only after meeting statutory eligibility and procedural conditions: the credit must be admissible as input tax credit, requisite past-period returns under existing laws must be filed, and the recipient must submit the prescribed declaration in TRAN-1 so that eligible legacy credit migrates to the electronic credit ledger; inward-supply invoices must be uploaded by suppliers. Without carryforward via last return or TRAN-1, legacy credits are not available and only current-period GST purchases are eligible for credit. (AI Summary)
Transitional CENVAT/VAT credit may be utilised for GST liabilities only after meeting statutory eligibility and procedural conditions: the credit must be admissible as input tax credit, requisite past-period returns under existing laws must be filed, and the recipient must submit the prescribed declaration in TRAN-1 so that eligible legacy credit migrates to the electronic credit ledger; inward-supply invoices must be uploaded by suppliers. Without carryforward via last return or TRAN-1, legacy credits are not available and only current-period GST purchases are eligible for credit. (AI Summary)