TaxTMI 
TaxTMI 
I want to know what is the amount to be entered in Tran1 Table 5c "ITC reversal relatable to C-Forms & F-Forms" and Transition ITC.
TRAN1 ITC REVERSAL
26 Dec 2017 
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Input tax credit reversal: enter differential tax for pending concessional forms and carry forward remaining credit under GST.
Enter in Tran 1 Table 5c the differential tax for pending concessional forms (full rate minus concessional tax paid), adjust that differential against the ITC balance in the last pre GST return, and carry forward any remaining ITC into GST. If liability from pending forms exceeds the VAT credit as of transition, record the transition ITC as zero, not a negative amount. (AI Summary)
Enter in Tran 1 Table 5c the differential tax for pending concessional forms (full rate minus concessional tax paid), adjust that differential against the ITC balance in the last pre GST return, and carry forward any remaining ITC into GST. If liability from pending forms exceeds the VAT credit as of transition, record the transition ITC as zero, not a negative amount. (AI Summary)