Submit FORM GST TRAN-1 for Input Tax Credit Under CGST Act, 2017; 90-Day Rule 117 Deadline Applies

The CGST Rules, 2017 under the transitional provisions require registered persons to electronically submit FORM GST TRAN-1 to claim input tax credit as per Section 140 of the CGST Act, 2017. Rule 117 specifies a 90-day period for submission, with credit transferred to the Electronic Credit Ledger. FORM GST TRAN-2 is for dealers registering post-GST implementation without prior VAT or excise invoices. Rules 118 to 120 outline submission requirements for various scenarios, including supplies taxed before the appointed day and goods sent on approval. Rule 120A allows one revision of TRAN-1 submissions, while Rule 121 addresses recovery of wrongly availed credits.