The stipulated date for filing GST TRAN 1 or its revision has expired on 27.12.2017. Central Board of Excise & Customs (CBEC) is determined to verify the correctness of ITC carried forward. GST Act provides that the ITC eligible in earlier law as well as in GST law should only be carry forwarded.

In Rajasthan the CGST Departmetn has issued a Trade Notice (for information to all members of Trade associations) No.06/2017 dated 18.12.2017 seeking cooperation from trade regarding providing desired documents to officers for purpose of analysing / verifying the TRAN 1 data.

The above process of calling the documents seems to be equal to auditing of ITC records and it is irrelevant whether the records of assessees have been audited earlier or not by Excise audit teams.

It is highly desirable to cooperate with the officers in this regard to get verified the ITC data as reflected in TRAN 1 return.

Author Bio

Qualification: Post Graduate
Company: N/A
Location: JAIPUR, Rajasthan, IN
Member Since: 05 Jan 2018 | Total Posts: 1
Ex inspector Central Excise, Customs & Servcie tax, CBEC, Govt of India having worked at different formations of jurisdiction of department in Rajasthan. After voluntary retirement opted to work in Private Sector. Now works as GST EXPERT. View Full Profile

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June 2021