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TMI BlogTran-1 revisionX X X X Extracts X X X X X X X X Extracts X X X X ..... Tran-1 revision X X X X Extracts X X X X X X X X Extracts X X X X ..... ecember,2018 but we have claimed short credit of excise available as per Er-1. Now how can claim balance credit. Can Gst council would allow revision in tran-1 in fuuret or can we ask refund to excise ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... department. Please suggest. Reply By Yash Jain: The Reply: Dear Sir, The GST Wing has started audit for Trans 1 and have in most cases completed the audit. The audit is based on the invoice deta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ils as being uploaded from Trans 1. Already trans 1 has been opened for revision previously The possibility for opening of Trans 1 is very much remote - reason : Already allocation for taxes bases on ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... trans 1 has happned between centre and stated based on filed trans 1. Hence it is quite remote that trans 1 can be reopened as the Government has already notified due date for Filing of GSTR 9 (Annu ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Return), there by restricting any further tax availment In previous regime of tax laws. However you can approach Court (Vide SLP) to reopen trans 1, provided you have strong grounds, i.e system fa ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilure, form being technical in nature and allied.
Comments from esteemed members highly solicited.
Reply By Ganeshan Kalyani:
The Reply:
Bit challenging to get refund. X X X X Extracts X X X X X X X X Extracts X X X X ..... dge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
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