CARRY FORWARD OF BALANCE CREDIT CENVAT + PLA IN

[Nagaraj Bansode]

Dear Sir,

I Have failed to file the Trans 1 which is meant to carry forward the balance Cenvat credit in GST regime. as on the portal till 1 st half it was flashing that the date has been extened upto 31st Dec-17, hence on 28th morning i tried to open the trans 1 form it was locked. Now please give me the Guide line how to Claim or Transfer the Cenvat Balance in GST regime And PLA Balance

AI Summary

Missed Trans 1 Deadline? Apply for Extension Under Rule 118, Consider Refunds, and File TRAN 2 for Stock. An individual inquired about the procedure to carry forward Cenvat credit and PLA balance under the GST regime after failing to file the Trans 1 form by the deadline. Responses suggested applying to the Commissioner for an extension under rule 118 of the Central GST rules, referencing a judgment by the Allahabad High Court that might allow another opportunity to file TRANS-1. It was also advised that the balance could be claimed as a refund since there is currently no provision for credit transfer, and filing TRAN 2 is necessary for traders with closing stock as of June 30, 2017.