Learning from its mistake in extension of due date of filing form ITC-04 at last moment i.e. just 3 hours before the expiry of time to file the same CBEC has announced on its twitter handle that FORM GST TRAN – 1 for the Month of July 2017 for which due date is 31st October 2017 is been extended to 30th November 2017 with revision facility.

FORM GST TRAN 1 is required to be filed to avail the credit for the taxes filed before the roll out of GST in July, 2017. 

FORM GST TRAN 1 can be filed by Registered persons under GST, may be registered or unregistered under old regime.

FORM GST TRAN 1 cannot be filed by Those registering under GST as composition dealer.

Text of Tweet is as follows :- “FORM GST TRAN – 1 (with revision facility) extended to 30th November 2017. Suitable order will be issued shortly.”

FORM GST TRAN - 1 Extension

More Under Goods and Services Tax

18 Comments

  1. Dipesh Kshirsagar says:

    Hi, after filing VAT return, still can’t do any update on trans 1. Now it’s showing due date is over. Could you plz. Update and confirm whether it’s gets extended further …

  2. Shruti says:

    dear sir

    due to error and also amendment was not approved for Trans1 we have not submitted on 27.12.2017. Now it is showing TRANS1 is not available DUE DATE IS OVER

    Kindly guide whether once again option will be given to submit TRANS1

  3. S.RAVISHANKAR says:

    dear sir

    due to error and also amendment was not approved for Trans1 we have not submitted on 27.12.2017. Now it is showing TRANS1 is not available DUE DATE IS OVER

    Kindly guide whether once again option will be given to submit TRANS1

  4. jaideep sharma says:

    Sir, my query not clear for tran 1
    yeh date extend only rectification ki he ya tran 1 first time file karne ki he 30 nov. 2017

    please clearify

  5. Siva Sunder says:

    In continuation to my earlier query regarding TRANS 1, I would also like to have clarification with regard to the ITC for the service tax paid by us for various services availed by us while clearing the imported goods at the Port. All service bills submitted by the various agencies contain the service tax component. Which tables need to be filled up for availing the ITC?

  6. Siva Sunder says:

    While GST is not being doubted in any way and is one of the best reforms in recent times, the fact remains that all stake holders are not fully conversant with the various aspects of the GST.
    GST Trans is one issue which is not clear for us from our point if view. We import Tools, Spares as part of our distribution business. Spares are about 1500 in number and tools about 20. Neither our consultant nor any of other officials that we have contacted are able to throw light on how to tabulate these in the portal.
    All spares are classified under one HSN code but items are different. Individual quantities vary. All items can be correctly identifiable by by the BOE under which they have been imported. WE have calculated the CVD, SAD that is available to us on prorate basis for the individual quantities still in stock with us as on 30.06.2017 out of the qty that was originally imported under each BOE. Same is the case with the tools that are in stock as on 30.06.2017.
    Can some one advise us as to how to tabulate this data in the portal : identify the various tables that need to be filled, whether each and every item is to be uploaded or all spares can be combined under one HSN code and one single data entry is to be made, or do we have to combine all items under each BOE and enter the data.
    Would appreciate if a clear answer is provided.

  7. Shanmugam says:

    It took almost 15 years to bring GST, to be decided by 2 or some handful personalities. But they want all the assessees to understand and implement the same immediately. The point is till date, as I understand, the GST is not fully under stood by either officials, C As, or dealers. Also the problems with GST portal. Better to give time, until the portal becomes error free. Until then please avoid imposing interest and penalties.

  8. rajesh deshpande says:

    Good decision…….. but it should be extended till 31st march & the system of GSTR3 should continue upto 31st march…. Merchants are still not familier with system , atleast for familier with system and process , need 6 month

Leave a Comment

Your email address will not be published. Required fields are marked *

Search Posts by Date

December 2020
M T W T F S S
 123456
78910111213
14151617181920
21222324252627
28293031