TaxTMI 
TaxTMI 
TRAN1 ITC REVERSAL
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....RAN1 ITC REVERSAL<br> Query (Issue) Started By: - Kusalava InternationalLimited Dated:- 26-12-2017 Last Reply Date:- 27-12-2017 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>I want to know w....
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....hat is the amount to be entered in Tran1 Table 5c "ITC reversal relatable to C-Forms & F-Forms" and Transition ITC. Reply By ANITA BHADRA: The Reply: Dear Sir You need to enter differenti....
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....al Tax amount for pending Form C/F/H/I Form . It means you paid concessional amount and issue these forms . If you have not yet received such forms ,, the differential amount ( Amount calculated with....
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.... full rate minus concessional tax paid ) need to be adjusted against ITC credit available in last return filed by you and remaining Credit will be carried forward under GST Regime Regards Reply By C....
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....S SANJAY MALHOTRA: The Reply: Addition to Anita submissions. If the tax liability on account of forms pendency is higher than VAT credit as on 30.06.2017, the transition ITC should be Zero and not in....
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.... negative amount. Make sure the same. Reply By Kusalava InternationalLimited: The Reply: Thanks for reply, Actually our tax liability is more than input but when I enter zero in Transition ITC.It ....
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....is not accepting<br> Discussion Forum - Knowledge Sharing ....