GSTN Utility for Uploading details in CSV Format in Table 5(b) TRAN-1 (Statutory Forms)

GSTN launches Utility to Upload details of large number of Statutory Forms in CSV Format in Table (b) under GST Form TRAN-1

Taxpayers registered under GST regime having unutilised balance of Cenvat credit and Input VAT credit are allowed to carry forward the eligible Cenvat/ Input Credit (ITC) from earlier regime to GST. The Cenvat credit of Excise including Service Tax will be carried forward as CGST Input Tax credit and VAT including entry tax will be available as SGST Input tax credit. Under Certain circumstances, input tax credit on closing stock held as on 30 June, 2017, will be allowed to be carried forward to GST regime subject to certain conditions, in Form GST TRAN-1.

On 27 Aug. 2017, the GST Portal/ GSTN has launched/ released a very useful Utility for Uploading details of large number of Statutory Forms in CSV Format under table 5(b) of GST Form TRAN-1 (meant for claiming transitional ITC by registered taxable person).

One Response

  1. Y N patil Aug 30, 2017

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Free NewsLetter

Please Signup for 

CA Club's Daily Updates via Email

Note: After submitting your email below, please check your inbox. You need to Open the email from Feedburner and click on the confirmation link to complete the process !!