Verification of tran-1 credit of duty paid invoices

[Rajat Gupta]

Hello taxperts,

A taxpayer had availed credit of duty paid invoices under CGST head at the time of TRAN-1. My query is what documents are required for verification of this credit?

[Sadanand Bulbule]

For details, refer Rule 117 of the CGST Rules, 2017.

[Shilpi Jain]

Complete facts not available. Whether this is a credit pertaining to carryforward of credit from ST or Excise returns?

[Rajat Gupta]

This is credit of excise. Taxpayer was a first stage dealer in excise and it has incurred expense of excise. 

AI Summary

Verification of TRAN 1 credit requires compliance with verification rules and documentary proof of excise origin invoices and dealer status. Verification of transitional credit in TRAN 1 requires compliance with the CGST verification rule and documentary proof establishing whether the credit was carried forward from excise or sales tax; where the credit arises from excise incurred by a first stage dealer, proof that the taxpayer bore the excise and supporting invoices and records must meet the rule's verification criteria.