Transitional itc
This query is : Resolved
09 February 2018
A regd.person receives goods on DT.2.7.2017 while invoice DT. is 30.6.2017 involving vat amount.Now the person could not avail the transitional ITC in tran1 by mistake. And wants to return those goods.But the seller is unwilling to receive the same as he has already deposited the vat so collected.Is there any solution so that the purchaser can avail ITC or return the same?
10 February 2018
Nothing can be done if you have not filed the Tran 1 return. Last date of filling the tran 1 has already passed and hence, this credit cannot be availed
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