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Filling of TRANS-1
Can anyone please guide me, exactly when trans-1 is to be filed. Is it to be filled before uploading GSTR-3B or can it be filed within 3 months frm 1st July 2017?
Replies (5)
If you want to avail benefit of opening credits from previous laws in gstr 3b itself then file before gstr 3b but till 28th August. And if you dont want to avail the benefit now you can file it later.
even then you need to settle gst liability arise after set off credit claimable in Tran1 by 20th of Aug. so in case if you have any liability after set off Tran1 credit and if it is not settled by 20th of Aug then interest is applicable
GST TRANS 1 will be available on portal after 20 August
I was a registered tax payer under mvat, i m taking credit in the gstr-3b for the stock held as on 30.06.2017 l. So basically i have to first upload the trans 1 and then file gstr-3b?
If you want to avail benefit of vat credits for the month of july. If you can wait you can file tran 1 later and utilise the credits for august return.
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