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Transitional credit

SK Krishna

Hello sir/madam,

The dealer being a wholesaler/super stockist(not a manufacturer) has claimed SGST transitional credit under section 140(3)by filing TRAN-2 for 6 months for the stock left behind. The state department has issued SCN for incorrect claim of SGST credit. How to file detailed reply and what is the available legal provisions for such claim?

Kindly clarify this.Thank you all for your support and effort🙏🏻

Transitional SGST credit claim challenged; procedural guidance and a specimen reply secured a successful defence. A wholesaler/super-stockist claimed SGST transitional credit for closing stock by filing TRAN-2 for six months and received a show cause notice alleging incorrect claim. The core issue is eligibility of a non-manufacturer to claim SGST transitional credit and whether TRAN-2 filing suffices procedurally. The forum exchange sought legal provisions and a detailed reply; a specimen reply was furnished and reported as successful. (AI Summary)
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KASTURI SETHI on Sep 29, 2022

Convey me your email ID I shall email specimen reply.

KASTURI SETHI on Sep 29, 2022

The reply filed by me was successful. Pl. note that no consultation fee will be asked for.

SK Krishna on Sep 29, 2022

Dear sir,

I have posted my maid ID in direct message to you. Please do the needful. Thank you for your support.

KASTURI SETHI on Sep 29, 2022

Specimen draft emailed. Pl. check. If you have any other query or doubt, post the same in this forum of TMI.

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