Transitional credit of input and input service under TRAN-1

[Yatin Bhopi]

Dear Expert,

We have input and input services received (enter in the books) prior to 1st July 2017 but for various reasons(eg. non receipt of documents, pending inspections, by human error) we have not availed CENVAT credit in ER-1.

1. Now while entering the invoices in TRAN-1 (7b) when we put 'Date on which entered in recipients books of account' prior to 1st July 2017 (say 30th June 2017) credit is denied and not accepted on portal saying that date should not be prior to 1st July 2017.

2. Where we have paid service tax under reverse charge on 5th Sep 2017 (payment made to supplier in the month of Aug 2017) like security service, legal service, GTA etc.

My query is,

1. Is that means we are not able to take input tax credit under TRAN-1?

2. Whether is there any procedure to claim refund.

Please guide

AI Summary

Clarification on GST TRAN-1: Credit Denial for Pre-July 1, 2017 Entries and Reverse Charge Service Tax Explained. An individual raised a query regarding the transitional credit of input and input services under GST using TRAN-1, specifically about issues with credit denial for entries dated before July 1, 2017, and service tax paid under reverse charge. The responses clarified that credit must be declared in ER-1 and, as per Section 140, credit for entries before July 1, 2017, is not available. It was also noted that refunds are not allowable and TRAN-1 figures must align with the ER-1 closing balance.