- DIVYANSHU SENGAR
- | Goods and Services Tax - Articles
- 01 Sep 2017
- 9,039 Views
- 3 comments
FILING TRAN-1 is very important & as the due date is 28th Sept’17, Some of the important point covered as below, For all other SECTION wise & TABLE wise QUERIES, you can view the VIDEO in the link below:-
FAQs on GST TRAN – 1
Page Contents
- Q – TRAN-1 can be revised or NOT?
- Q – If Input related to TRAN-1 in GSTR-3B is not taken in JULY’17, Can it be c/f later?
- Q – Consequences if we claim excess Credit?
- Q – WHO needs to fill Point 5a, 5b, 5c & Conditions if any?
- Q – What to fill in “ELIGIBLE DUTY” Box in 7(a) when we have no Duty paid Document?
Q – TRAN-1 can be revised or NOT?
A – No revision after submission, so be careful.
A – Yes, after submitting TRAN-1, amount will be credit in Electronic Credit Ledger & can be utilized than.
Q – Consequences if we claim excess Credit?
A – Recovery of TAX along with Interest & Penalty as per Section 73 or Section 74.
Q – WHO needs to fill Point 5a, 5b, 5c & Conditions if any?
A – PERSON registered under EXISTING LAW & not opting Composition Scheme having Input c/f in returns.
CONDITIONS –
ITC should be reflecting in Return.
ITC allowed in GST Act also.
ITC shouldn’t related to goods manufactured and cleared under Exemption notifications.
Preceding 6 month returns filed.
Q – What to fill in “ELIGIBLE DUTY” Box in 7(a) when we have no Duty paid Document?
A – Automatically “0” will be filled when we select “NO”, in Invoice available Box.
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while filing GSTR 3B FOR AUGUST GETTING ERROR MSG
YOU HAVE SUBMITTED TRAN 1, PLEASE FILE TRAN1 BEFORE FILING 3B
BUT WHEN I AM TRYING TO FILE TRAN 1 GETTING ERROR MSG
SUBMIT BEFOR FILING:FOR GSTN: GST NO
I HAVE SUBMITTED TRAN1 15-20 DAYS BACK
due date for GSTR 3B august 2017