TRN -1 SUBMISSION

[nandankumar roy]

we are filling TRN-1 . So pl tell input credit agst RCM can taken in this month or to be claim in next month only.so i have to change return and another thing we have credit of cenvat appx 1 core and in vat no credit and C FORM collection due appx 4 crore out of 10 cores 2% sales , in this situation vat liability will be arise how much amt ,pl confirm when we are going to submit TRN1 whether we have to pay cash agst vat liability amount agst not recd of c form amount or it will be adjust agst cenvat.

With Regards,

N KROY

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AI Summary

Input tax credit for reverse charge can be claimed same month after cash payment, enabling immediate set-off.
RCM liability must be paid in cash first, and input tax credit for RCM may be claimed and utilised in the same month. File TRANS-1 and then GSTR-3B so the portal applies carried-forward balances; declare cenvat carryforwards and statutory form details. FAQs suggest a deemed credit mechanism may cover liabilities related to Form C even if Form C is not explicitly referenced.