Balance of Cenvat on input Raw Material

[HP Soni]

Dear Sir,

We have already submitted Excise Return of Excise for June 17. Some cenvat credit invoices prior to June 17 received in July-August 17. Where can we show these ITC in TRAN1. Kindly advice coloumn no

[CSSANJAY MALHOTRA]

Col.7B in GST TRANS-1 is used to record ITC in respect of Inputs/Input Services, where the Invoices are issued prior to 01.07.2017 ( but not later than 1 year from 01.07.2017) and recorded upto 30.07.2017 (Extended by another 30 days with the approval of Commissioner) in the books of accounts.

[Himansu Sekhar]

Kindly clarify about the items you mentions. Whether inpouts or input services. When the same were received. If the inputs or input services received prior to the appointed day, but you received the invoices afterwards, section 140(5) will not come to your rescue. No credit is available.

AI Summary

Input tax credit reporting in TRAN1: use column 7B for pre-appointed-day invoices; late invoice credit may be barred. Report eligible pre GST input/input service invoices in TRAN 1 Column 7B when invoices were issued before the appointed day and recorded within the prescribed cut off; if inputs were received before the appointed day but invoices were received later, transitional provisions bar claiming credit for those delayed invoices.