GST TRAN 1

[CHHAVI KHAITAN]

In TRAN 1, under column 7(a), what amount should be entered in 'value' and 'eligible duty paid' field if we dont have excise duty paid invoice?

AI Summary

Guidance on GST TRAN 1 Form: Use Column 7B if No Excise Duty Invoice; Rule 117(4) Applies. A user inquired about filling out form TRAN 1 under the Goods and Services Tax (GST) system, specifically regarding the 'value' and 'eligible duty paid' fields in column 7(a) when lacking an excise duty paid invoice. The response advised that if duty paid invoices are unavailable, one should complete column 7B instead. This option is only available for entities other than manufacturers or service providers, and the credit eligible under rule 117(4) of the Central Goods and Services Tax (CGST) Rules, 2017 should be entered there.