TaxTMI 
TaxTMI 
TaxTMI 
CVD and Trasn 1 credit
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....VD and Trasn 1 credit<br> Query (Issue) Started By: - Rahul Bagaria Dated:- 1-5-2020 Last Reply Date:- 8-5-2020 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Hi , My company could not transf....
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....er the CVD credit benefit to the existing dealers in 2017. Now for the same dealers we also have debit balance . Is it possible to adjust the same by means of book accounting entry Rahul Bagaria Rep....
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....ly By Kashish Gupta: The Reply: Hi Rahul The due date to file Form GST- TRAN-1 has expired on 27.12.2017. However, in cases of technical glitches, the date stood extended to 31.03.2020 vide NN 02/20....
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....20-CT. Also the credit of CVD lying in your books and lying in unsold stock as on 30.06.2017 with dealers was allowed as credit subject to availability of prescribed documents. Therefore, merely a bo....
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....ok adjustment won't do anything until and unless it enters into the electronic credit ledger. Therefore, conclusion of this advisory depends on the facts which needs to be studied. Kindly share t....
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....he details. Reply By Spudarjunan S: The Reply: You may also consider the recent decision of Hon'ble Delhi HC in the case of M/s Brand Equity = 2020 (5) TMI 171 - DELHI HIGH COURT where it had pr....
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....onounced that Transitional credit can be claimed till 30.06.2020 i.e. General Limitation of 3 years would applied and not 90 days as provided in GST Law.<br> Discussion Forum - Knowledge Sharing ....