Important Keyword: FORM GST TRAN – 1, Transitional ITC, Stock Statement.
Table of Contents
FORM GST TRAN – 1
[See rule 117(1), 118, 119 & 120]
Transitional ITC / Stock Statement
GSTIN –
Legal name of the registered person –
Trade Name, if any –
Whether all the returns required under existing law for the period of six months immediately preceding the appointed date have been furnished:- Yes/No
Amount of tax credit carried forward in the return filed under existing laws:
Amount of Cenvat credit carried forward to electronic credit ledger as central tax (Section 140(1), Section 140 (4) (a) and Section 140(9))
Sl. no.
Registration no. under existing law (Central Excise and Service Tax)
Tax period to which the last return filed under the existing law pertains
Date of filing of the return specified in Column no. 3
Balance cenvat credit carried forward in the said last return
Cenvat Credit admissible as ITC of central tax in accordance with transitional provisions
1
2
3
4
5
6
Total
TIN of Issuer Name of Issuer Sr. No. of Form Amount Applicable VAT Rate C-Form Total F-Form
Details of statutory forms received for which credit is being carried forward Period: 1st Apr 2015 to 30th June 2017
Total
H/I-Form
Total
Amount of tax credit carried forward to electronic credit ledger as State/UT Tax(For all registrations on the same PAN and in the same State)
Registration No. in existing law
Balance of ITC of VAT and [Entry Tax] in last return
C Forms
F Forms
ITC reversal relatable to [(3) and] (5)
H/I Forms
Transition ITC 2(4+6- 7+9)
Turnover for which forms Pending
Difference tax payable on (3)
Turnover for which forms Pending
Tax payable on (5)
Turnover for which forms Pending
Tax payable on (7)
1
2
3
4
5
6
7
8
9
10
Details of capitals goods for which unavailed credit has not been carried forward under existing law (section140 (2)).
Amount of unavailed cenvat credit in respect of capital goods carried forward to electronic credit ledger as central tax
Sr. no
Invoice / Document no.
Invoice / document Date
Supplier’s registration no. under existing law
Recipients’ registration no. under existing law
Details of capital goods on which credit has been partially availed
Total eligible cenvat credit under existing law
Total cenvat credit availed under existing law
Total cenvat credit unavailed under existing law (admissible as ITC of central tax) (9-10)
Value
Duties and taxes paid
ED/ CVD
SAD
1
2
3
4
5
6
7
8
9
10
11
Total
Amount of unavailed input tax credit carried forward to electronic credit ledger as State/UT tax (For all registrations on the same PAN and in the same State)
Sr. no
Invoice / Document no.
Invoice / document Date
Supplier‘s registration no. under existing law
Recipients’ registration no. under existing law
Details regarding capital goods on which credit is not availed
Total eligible VAT [and ET] credit under existing law
Total VAT [and ET] credit availed under existing law
Total VAT [and ET] credit unavailed under existing law (admissible as ITC of State/UT tax) (8-9)
Value
Taxes paid VAT [and ET]
1
2
3
4
5
6
7
8
9
10
Total
Details of the inputs held in stock in terms of sections 140(3), 140(4) (b), 140(5) and 140(6).
Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a) (under sections 140(3), 140(4)(b), 140(6) and 140(7))
Sr. no.
Details of inputs held in stock or inputs contained in semi-finished or finished goods held in stock
HSN as applicable
Unit
Qty.
Value
Eligible Duties paid on such inputs
1
2
3
4
5
6
7A Where duty paid invoices (including Credit Transfer Document (CTD)) are available
Inputs
Inputs contained in semi-finished and finished goods
7B Where duty paid invoices are not available (Applicable only for person other than manufacturer or service provider) – Credit in terms of Rule 117 (4)
Inputs
Amount of eligible duties and taxes/VAT/[ET] in respect of inputs or input services under section 140(5) and section 140(7):
Registration number of the supplier or input service distributor
Invoice number
Invoice date
Description
Quantity
UQC
Value
Eligible duties and taxes (central taxes)
VAT/[ET]
Date on which entered in recipients books of account
1
2
3
4
5
6
7
8
9
10
Amount of VAT and Entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST under sections 140(3), 140(4)(b) and 140(6)
Details of inputs in stock
Total input tax credit claimed under earlier law
Total input tax credit related to exempt sales not claimed under earlier law
Total Input tax credit admissible as SGST/UTGST
Description
Unit
Qty
Value
VAT [and Entry Tax] paid
1
2
3
4
5
6
7
8
Inputs
Inputs contained in semi-finished and finished goods
Stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 117 (4)) (To be there only in States having VAT at single point)
Details of inputs in stock
Description
Unit
Qty
Value
Tax paid
1
2
3
4
5
Details of description and quantity of inputs / input services as well as date of receipt of goods or services (as entered in books of accounts) is also required.
Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))
Sl. No.
Registration no. under existing law (Centralized)
Tax period to which the last return filed under the existing law pertains
Date of filing of the return specified in Column no. 3
Balance eligible cenvat credit carried forward in the said last return
GSTIN of receivers (same PAN) of ITC of CENTRAL TAX
Distribution document /invoice
ITC of CENTRAL TAX transferred
No.
Date
1
2
3
4
5
6
7
8
9
Total
Details of goods sent to job-worker and held in his stock on behalf of principal under section 141
Details of goods sent as principal to the job worker under section 141
Sr. No.
Challan No.
Challan date
Type of goods (inputs/ semi-finished/ finished)
Details of goods with job- worker
HSN
Description
Unit
Quantity
Value
1
2
3
4
5
6
7
8
9
GSTIN of Job Worker, if available
Total
Details of goods held in stock as job worker on behalf of the principal under section 141
Sr. No.
Challan No.
Challan Date
Type of goods (inputs/ semi-finished/ finished)
Details of goods with job- worker
HSN
Description
Unit
Quantity
Value
1
2
3
4
5
6
7
8
9
GSTIN of Manufacturer
Total
Details of goods held in stock as agent on behalf of the principal under section 142 (14) of the SGST Act
Details of goods held as agent on behalf of the principal
Sr. No.
GSTIN of Principal
Details of goods with Agent
Description
Unit
Quantity
Value
Input Tax to be taken
1
2
3
4
5
6
7
Details of goods held by the agent
Sr. No.
GSTIN of Principal
Details of goods with Agent
Description
Unit
Quantity
Value
Input Tax to be taken
1
2
3
4
5
6
7
Details of credit availed in terms of Section 142 (11 (c))
Sr. no.
Registration No of VAT
Service Tax Registration No.
Invoice/docu ment no.
Invoice/ document date
Tax Paid
VAT paid Taken as SGST Credit or Service Tax paid as Central Tax Credit
1
2
3
4
5
6
7
Total
Details of goods sent on approval basis six months prior to the appointed day (section 142(12))
Sr No.
Document no.
Document Date
GSTIN no. of recipient, (if applicabl
Name & addres e of recipient
Details of goods sent on approval basis
HSN
Description
Unit
Quantity
Value
1
2
3
4
5
6
7
8
9
10
Total
Verification (by authorised signatory)
I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom
Signature
Place Name of Authorised Signatory
Date Designation /Status
Instructions:
Central Tax credit in terms of sub-section (9) of section 140 of the CGST Act, 2017 shall be availed in column 6 of table 5 (a).
Registered persons availing credit through Credit Transfer Document (CTD) shall also file TRANS 3 besides availing credit in table 7A under the heading “inputs”.]
0 Comments