C FORMS DETAILS IN TRAN1

[JOSEPH DAVID]

Whether it is compulsory to fill C forms detail in TRAN1 if I am not Taking any transition credit of VAT but Taking credit of Cenvat and service tax. What if still some forms are pending and no vat credit available

REGARDS

JOSEPH DAVID
 

[KASTURI SETHI]

If you do not fill Form C figures, it may mismatch the overall figures and mismatch may create problems.

[Ganeshan Kalyani]

I agree with the views of Sri Kasturi Sir. TRAN-1 is for carry forwarding of Credit of both Central Excise/Service Tax and VAT. So if you are carry forwarding VAT credit, then Form C detail is required to be mentioned in the transition form.

[JOSEPH DAVID]

Thanks for your reply-

In our case we are not carrying forward VAT credit. We do not have VAT credit available only CENVAT credit available.

In schedule 5(c)TRAN1-we have to show balance of ITC of VAT only and C forms and F forms liability.

Is it necessary to show C forms and F forms liability where VAT credit is not shown

regards

Joseph David

[MUKUND THAKKAR]

Not required

[KASTURI SETHI]

I have re-examined all the replies and also in view of elaboration of further query by the querist, I agree with Sh.Mukund Thakkar, Sir. His views are full of substance.

AI Summary

TRAN-1 reporting: C form details not required when no VAT credit, but include them if VAT credit is carried forward. Where no VAT input tax credit is being carried forward, it is not necessary to populate C form or F form liabilities in TRAN 1; C form details are required only when VAT credit is being transitioned, and omitting VAT figures when they should be included may create reconciliation mismatches.