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

No Need to Fill C Forms in TRAN-1 If Only Taking CENVAT, Not VAT Credit A user inquired whether it is mandatory to fill C forms details in TRAN1 if they are not taking VAT transition credit but are taking Cenvat and service tax credit. Several respondents provided insights, with one noting that omitting C forms could cause discrepancies. Another agreed, stating that TRAN-1 is for carrying forward credits, implying C forms are necessary if VAT credit is involved. However, the user clarified they are not carrying forward VAT credit, only CENVAT. Ultimately, it was concluded that showing C forms and F forms liability is not required if VAT credit is not being carried forward.