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c form in Trans1

22 August 2017

we need to carry forward only cenvat amounts in trans forms. do we still need to enter c form details of last two years? there is no credit that needs to be availed in cst or vat. please guide.

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16 Replies

upasana gupta (Finance Professional) (3931 Points)
Replied 22 August 2017

You have to fill the form c detalis in trans 1 for the credit which is still pending and which is not yet availed by you

Meenakshi Malpani (46 Points)
Replied 22 August 2017

we never got credit of any c form. we don't want to take any credit. so it's ok not to fill that data right?

Suresh Jain (proprietor) (174 Points)
Replied 22 August 2017

Question is right but answer is confusing. Are we taking any credit of C form ?? please suggest who have to fill all c form details from 2015 to 30 Jun 3017. Also explain relation of such c forms details with ITC.

upasana gupta (Finance Professional) (3931 Points)
Replied 23 August 2017

For the period which you have credit pending or you have to avail credit before GST applicability, for that period you have to collect all FORM C and fill the detalis in TRANS 1,otherwise you cant avail that credit.

Meenakshi Malpani (46 Points)
Replied 23 August 2017

thanks for your reply. I understand that. but my question is I have only excise cenvat credit to avail. still do I need to enter the form c data ? I have no vat to be carried fwd.

Meenakshi Malpani (46 Points)
Replied 23 August 2017

also, form c will not be available immediately. incase we have to give details, can this trans wait till September while we file our 3b?

upasana gupta (Finance Professional) (3931 Points)
Replied 23 August 2017

Yes you have to fill FORM c data as it is compulsory according to CBEC and i know about the working culture of bussiness too FORM c is just a rule people dont take or give in real life but now government wants all details and TRANS 1 can not wait for anyone.

Meenakshi Malpani (46 Points)
Replied 23 August 2017

Thank you for your clarification!

CA. Ritesh Bafna (PROPRIETOR) (145 Points)
Replied 28 August 2017

Hello, In case if there is pending c form and the credit is short claimed than how shall we take the credit once the c form are available?

Rajesh Karia (114 Points)
Replied 28 August 2017

This is a email i got from my Market Association:-

Just posting Vat Refund provisions, can someone pls confirm the same

Further details of C forms/ H forms / etc. are required to given only if Balance of VAT refund is carried forward under section 140 (1) of Maharashtra Goods & Service Tax Act. In absence of any claim of credit under SGST act no details needs to be given under clause 5 (b) & (c) of the FORM TRANS-01.

Meenakshi Malpani (46 Points)
Replied 28 August 2017

oh, so we have contradictory interpretation. any law regarding this?

CA. Ritesh Bafna (PROPRIETOR) (145 Points)
Replied 28 August 2017

Originally posted by : Rajesh Karia
	This is a email i got from my Market Association:- Just posting Vat Refund provisions, can someone pls confirm the same Further details of C forms/ H forms / etc. are required to given only if Balance of VAT refund is carried forward under section 140 (1) of Maharashtra Goods & Service Tax Act. In absence of any claim of credit under SGST act no details needs to be given under clause 5 (b) & (c) of the FORM TRANS-01.

Correct no need to provide details in case if you dont have any credit to claim.

no need to give stock details too. stock is to be only given in specific cases.

Rajesh Karia (114 Points)
Replied 28 August 2017

I was a regd excise dealer & i had closing stock as on 30/06/2017 of CST purchase in which excise is involved, hence I will be claiming only excise as CGST. Since there is no VAT claim so no C form details of sales to be provided. I hope i am getting this right.

CA. Ritesh Bafna (PROPRIETOR) (145 Points)
Replied 28 August 2017

Originally posted by : Rajesh Karia
	I was a regd excise dealer & i had closing stock as on 30/06/2017 of CST purchase in which excise is involved, hence I will be claiming only excise as CGST. Since there is no VAT claim so no C form details of sales to be provided. I hope i am getting this right.

Yes. I have done the same for couple of my clients.