ORDER NO. 1/2018-CENTRAL TAX: FORM GST TRAN-2
Order No. 1/2018-Central Tax has been issued by the CBEC.
The order provides clarification on the filing of Form GST Tran-2.
Form GST Tran-2 is used to claim input tax credit for goods that were not declared in the GST returns for the previous tax period.
The order clarifies that the due date for filing Form GST Tran-2 is December 31, 2018.
The order also clarifies that the input tax credit claimed in Form GST Tran-2 cannot exceed the amount of tax paid on such goods.
The order further clarifies that the input tax credit claimed in Form GST Tran-2 will be credited to the electronic credit ledger of the taxpayer.
Taxpayers are advised to file Form GST Tran-2 before the due date to avoid any penalties or interest.
Read full article
File now
Register now
File now
Register now
Consult now
Register now
Visit now