Transitional Credit u/s 140 of GST Act

[THYAGARAJAN KALYANASUNDARAM]

Dear Experts,

One of my client's have forgot to file Tran-1 application within the due date given by the Government. As per the VAT return shows as excess in June 2017 as ₹ 2,00,000/-. Now what is the remedy or loophole to avail the Tran Credit under the GST regime.

Thanks in Advance.

AI Summary

Missed GST Tran-1 Deadline Leaves VAT Credit Unclaimed; Explore Legal Options for Potential Recovery. A client missed the deadline to file the Tran-1 application under the GST regime, leaving an excess VAT credit of 2,00,000 from June 2017 unclaimed. Experts on the forum suggest that there is no straightforward alternative to claim this credit. Some recommend exploring legal avenues, citing case laws where procedural lapses were considered. It is advised to ensure that any refund claim is not time-barred. Suggestions include filing a request with the department or pursuing legal remedies, although success may be challenging due to the department's proactive measures and legal constraints.