Trans-1 reurn, Goods and Services Tax - GST

[MohanLal tiwari]

Please advise whether we should include following balance of Excise regime in GST TRANS -1 "5a, 5b, 5c - amount of tax credit carried forward"

1. Balance of PLA

2. Balance of Cess

3. Balance of Higher Education Cess.

In addition to above, we are not finding any column in GSTR-1 to furnish the details of transitional Excise Invoices against which cenvat credit could not availed as materials received in July'17.

Posts / Replies

[Himansu Sekhar]

1. The tran1 is for transfer of credit, not pla balance

2. E.cess and she cess cannot be transferred, board clarified in FAQ.

[Himansu Sekhar]

Gstr1 is for outward supply, gstr2 for taking inward supplies and ultimate route to credit ledger.

[Himansu Sekhar]

Balance of pla can be claimed as refund, refer sec 142 of cgst act, read with serc 11B of CE Act 1944.

[Ganeshan Kalyani]

All the balance as mentioned in your query is not allowed to carry forward in GST TRAN 1 form. PLA should be claimed by way of refund. Cess is not allowed as credit.

[Ganeshan Kalyani]

Invoice booked in July 2017 of the material dispatched by vendor in June 2017 need to be shown in the GST TRAN 1. This should be mentioned in point 7 of the return. Invoice wise detail is required to be filled up in the return.

[KASTURI SETHI]

I agree with both experts. Very clear cut reply by both experts.