C FORMS DETAILS IN TRAN1

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..... C FORMS DETAILS IN TRAN1
Query (Issue) Started By: - JOSEPH DAVID Dated:- 5-10-2017 Last Reply Date:- 6-10-2017 Goods and Services Tax - GST
Got 5 Replies
GST
Whether it is compulsory to fill C forms detail in TRAN1 if I am not Taking any transition credit of VAT but Taking credit of Cenvat and service tax. What if still some forms are pending and no vat credit available REGARDS JOS .....

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..... EPH DAVID Reply By KASTURI SETHI: The Reply: If you do not fill Form C figures, it may mismatch the overall figures and mismatch may create problems. Reply By Ganeshan Kalyani: The Reply: I agree with the views of Sri Kasturi Sir. TRAN-1 is for carry forwarding of Credit of both Central Excise/Service Tax and VAT. So if you are carry forwarding VAT credit, then Form C detail is required to be .....

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..... mentioned in the transition form. Reply By JOSEPH DAVID: The Reply: Thanks for your reply- In our case we are not carrying forward VAT credit. We do not have VAT credit available only CENVAT credit available. In schedule 5(c)TRAN1-we have to show balance of ITC of VAT only and C forms and F forms liability. Is it necessary to show C forms and F forms liability where VAT credit is not shown r .....

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..... egards Joseph David Reply By MUKUND THAKKAR: The Reply: Not required Reply By KASTURI SETHI: The Reply: I have re-examined all the replies and also in view of elaboration of further query by the querist, I agree with Sh.Mukund Thakkar, Sir. His views are full of substance.
Discussion Forum - Knowledge Sharing .....

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