https://www.taxtmi.com/forum/issue?id=115271 TRAN 1 transitional Input Tax Credit that was booked in a prior financial year and claimed in the current year must be reported in the Annual Return reconciliation under the column for ITC booked in earlier financial years claimed in the current year (commonly Column 12B/Point IV in GSTR 9C). The applicable financial year determination governs whether a TRAN 1 entry is treated as earlier year ITC; reconcile TRAN 1 amounts to the Annual Return and follow professional guidance when populating the designated column. en-us Fri, 02 Aug 2019 13:59:01 +0530 Thu, 23 Jan 2025 15:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115271 TRAN 1 transitional Input Tax Credit that was booked in a prior financial year and claimed in the current year must be reported in the Annual Return reconciliation under the column for ITC booked in earlier financial years claimed in the current year (commonly Column 12B/Point IV in GSTR 9C). The applicable financial year determination governs whether a TRAN 1 entry is treated as earlier year ITC; reconcile TRAN 1 amounts to the Annual Return and follow professional guidance when populating the designated column. Discussion-Forum GST Fri, 02 Aug 2019 13:59:01 +0530 https://www.taxtmi.com/forum/issue?id=115271