TRAN-2 filing for transitional credit under GST requires monthly statements reconciling stock sales and passing extra input credit to customers.
TRAN-2 requires registered persons under the transitional scheme to submit Form GST TRAN-2 monthly for each tax period, reconciling supplies made from stock declared in Form GST TRAN-1; the rule governs transitional credit of Central Excise, Service Tax and VAT and allows filing within prescribed cutoffs subject to extension, and traders claiming adhoc credit must show TRAN-1 declaration and TRAN-2 monthly sales to qualify, with the extra credit benefit conditional on passing it to customers. (AI Summary)
To file Trans-2 due date is 30th June-18
Who is eligible to file trans-2
We have file Trans-1 for traders stock details.
Goods and Services Tax - GST