Please advise whether we should include following balance of Excise regime in GST TRANS -1 '5a, 5b, 5c - amount of tax credit carried forward'
1. Balance of PLA
2. Balance of Cess
3. Balance of Higher Education Cess.
In addition to above, we are not finding any column in GSTR-1 to furnish the details of transitional Excise Invoices against which cenvat credit could not availed as materials received in July'17.
Clarification on GST TRANS-1: Credit Transfer Allowed, Not PLA Balances; Education Cesses Non-Transferable; Refunds Possible for PLA. A user inquired about including certain balances from the Excise regime in the GST TRANS-1 form, specifically regarding the tax credit carried forward, PLA balance, and various cesses. Responses clarified that the TRANS-1 form is for credit transfer, not for PLA balance, and that education cesses cannot be transferred as per board FAQs. It was advised that PLA balances can be claimed as a refund according to relevant sections of the CGST and CE Acts. Additionally, invoices for materials received in July 2017 should be detailed in the GST TRAN-1 return. (AI Summary)
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TaxTMI 
