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.”