Important Keywords: Order No. 1/2018 – Central Tax, GST TRAN-2 extension, GST transitional credit, GST compliance, GST TRAN-2 filing help, Finodha GST expert, transitional credit guidance,
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Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs
*****
New Delhi, the 28th March, 2018
Order No. 1/2018 – Central Tax: Extension of date for submitting the statement in FORM GST TRAN-2 under rule 117(4)(b)(iii) of the Central Goods and Service Tax Rules, 2017
In exercise of the powers conferred by sub-clause (iii) of clause (b) of sub-rule (4) of rule 117 of the Central Goods and Services Tax Rules, 2017 read with section 168 of the Central Goods and Services Tax Act, 2017, the Commissioner, on the recommendations of the Council, hereby extends the period for furnishing the statement in FORM GST TRAN-2 under sub-clause (iii) of clause (b) of sub-rule (4) of rule 117 of the Central Goods and Services Tax Rules, 2017 till the 30th day of June, 2018.
(Upender Gupta)
Commissioner (GST)
Frequently Asked Questions (📚 FAQs on Order No. 1/2018 – Central Tax)
Q1: What is Order No. 1/2018 – Central Tax?
Answer:
Order No. 1/2018 – Central Tax extends the deadline for submitting FORM GST TRAN-2 under Rule 117(4)(b)(iii) till 30th June 2018, allowing eligible taxpayers more time to claim transitional credit.
👉 Need GST filing assistance? Consult Finodha GST Experts
Q2: What is FORM GST TRAN-2?
Answer:
GST TRAN-2 is used by registered taxpayers to claim input tax credit on goods held in stock on which tax was not paid under the previous regime, after having submitted TRAN-1.
🚀 Need help with transitional credit filing? Finodha can guide you
Q3: Why was the deadline extended to 30th June 2018?
Answer:
The extension was provided to address technical difficulties faced by taxpayers in submitting TRAN-2 forms and to ensure no eligible taxpayer missed out on the transitional credit.
👉 Avoid missing important deadlines! Get timely help from Finodha
Q4: Who is eligible to file GST TRAN-2?
Answer:
✔️ Taxpayers who have submitted TRAN-1
✔️ Those holding stock purchased under the old regime
✔️ Businesses transitioning to GST and needing to claim input tax credit
👉 Unsure about eligibility? Finodha experts can help!
Q5: What are the consequences of missing the extended deadline?
Answer:
❌ Missing the extended date could lead to forfeiture of transitional credit, higher tax costs, and cash flow issues.
👉 Avoid losses! File with Finodha’s expert assistance. Click here
Q6: Can I still file GST TRAN-2 now?
Answer:
No, the deadline has passed. However, if you missed filing due to technical issues, you may still explore options for relief or seek advisory support.
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Q7: How does Finodha help with transitional credit issues?
Answer:
Finodha provides:
GST Registration
Historical GST compliance review
GST return filing support
Business setup services
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Q8: What is Rule 117(4)(b)(iii) under GST?
Answer:
This rule governs the process of claiming transitional credit via TRAN-2, allowing businesses to claim credit on stocks held, provided the documentation is correct and timely.
👉 Get legal and compliance clarity! Finodha is here to help
Q9: What should businesses do if they missed filing TRAN-2?
Answer:
❗ Keep all records in order
❗ Consult with a GST expert for possible remedies
❗ Avoid repeating compliance misses in future filings
👉 Get professional assistance with Finodha! Click here
Q10: How can I stay updated on future GST filing deadlines?
Answer:
Bookmark Finodha GST Compliance Hub
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Follow Finodha on LinkedIn & Twitter
✅ Stay updated, stay compliant! Subscribe here
✅ Conclusion:
Order No. 1/2018 – Central Tax provided a deadline extension for submitting GST TRAN-2 until 30th June 2018, helping businesses claim pending transitional credits.
👉 For all GST compliance, transitional filing, and business setup — consult Finodha today!
Download PDF: Order No. 1/2018 – Central Tax
More Information: https://taxinformation.cbic.gov.in/
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