Transition Provision

Step by Step guide for filing Form GST TRAN 2 form: Elaborate provisions have been made to carry forward the ITC earned under the existing law. Such credit should be permissible under the GST law. However, the taxable person…

GST is a significant reform in the field of indirect taxes in our country. Multiple taxes lev-ied and collected by the Centre and States would be replaced by one tax called Goods and Services Tax (GST). GST is a multi-stage value added tax…

Transition to GST - Question Answers with Chartered Accountant. Notwithstanding anything in GST Act, any provision of any law relating to tax on goods or services or on both in force in any State immediately before the commencement of this…

Shifting of Existing Input Tax Credit on Closing Stock to GST Regime. Shifting of existing Input Tax Credit on Closing Stock in GST - As per Transition Provision U/S 140(3) of CGST Act 2017. Check Impact Current Duty Liability V/s GST…

Step by Step Guide on how to file the Form GST TRAN 1: Every registered person entitled to take credit of input tax under section 140 shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1,…

Guide on Filing GST TRAN 1 - Point Wise Discussion with Opinion. Every Principal and the Job Worker shall within 90 days from the appointed day file an application in Form GST TRAN-1 specifying the stock held by him in the Job Worker’s…

GST TRAN 1 Do's and Don'ts, Troubleshooting GST TRAN 1 issues. Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her…