GST transitional rules require FORM GST TRAN-1 within ninety days to claim and credit input tax to the electronic ledger. Registered persons entitled to transitional input tax credit must submit an electronic declaration in FORM GST TRAN-1 within ninety days of the appointed day for credit to be credited to the Electronic Credit Ledger; previously unregistered dealers may use FORM GST TRAN-2 for stocks lacking VAT or excise invoices. Declarations must specify proportions of supplies where tax was paid pre-appointed day but supplied post-appointed day, stocks of inputs and goods held on the appointed day, and details of goods sent on approval. A single revision of TRAN-1 is permitted within the original time limit, and the rules provide for recovery of credit wrongly availed.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
GST transitional rules require FORM GST TRAN-1 within ninety days to claim and credit input tax to the electronic ledger.
Registered persons entitled to transitional input tax credit must submit an electronic declaration in FORM GST TRAN-1 within ninety days of the appointed day for credit to be credited to the Electronic Credit Ledger; previously unregistered dealers may use FORM GST TRAN-2 for stocks lacking VAT or excise invoices. Declarations must specify proportions of supplies where tax was paid pre-appointed day but supplied post-appointed day, stocks of inputs and goods held on the appointed day, and details of goods sent on approval. A single revision of TRAN-1 is permitted within the original time limit, and the rules provide for recovery of credit wrongly availed.
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