TaxTMI 
TaxTMI 
Tran-1 Credit Rejection
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....ran-1 Credit Rejection<br> Query (Issue) Started By: - AVS AVS Dated:- 9-12-2024 Last Reply Date:- 11-12-2024 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>Have one query- ITC claimed through Tran-1 was rejected by stating that amount of refund in Original MVAT return was NIL. We were advised to approach nodal authority and apply for refund under MVAT Act,2002. However even the nodal ....
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....authority has not selected our case for refund What should be the way forward? Reply By KASTURI SETHI: The Reply: Dear Querist, Pl. refer to the following : - "ITC claimed through Tran-1 was rejected by stating that amount of refund in Original MVAT return was NIL." Pl. elaborate your query overall. Also clarify how it was shown as NIL in original MVAT return? Full facts & circumst....
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....ances are required. Reply By AVS AVS: The Reply: We had earlier filed original MVAT return showing amount of refund claimed/credit carried forward as NIL. However later on we had filed revised return showing an amount of refund which was equal to the claim made through Tran-1. The department through a circular has stated that Tran-01 claim cannot be more than amount mentioned in the original ret....
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....urn and for the amount mentioned in revised return refund application should be filed with the nodal authority under the MVAT law. However, transition rules under the CGST Act/ State GST Act don't impose any such restriction. Reply By Shilpi Jain: The Reply: Explore if you would wish to file a Writ in HC. However, do consider the amount of credit involved also.<br> Discussion Forum - Knowled....
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