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

AI Summary

Clarification on Recording Cenvat Credit in GST TRAN-1 Form: Section 140(5) Implications for Post-June 2017 Invoices A query was raised regarding the recording of Cenvat credit invoices received after June 2017 in the GST TRAN-1 form. One response advised using Column 7B in GST TRANS-1 to record Input Tax Credit (ITC) for invoices issued before July 1, 2017, and recorded by July 30, 2017, with a possible extension. Another response highlighted the need to clarify whether the items were inputs or input services and noted that if invoices were received after the appointed day, section 140(5) would not allow credit, indicating no credit is available for such cases.