only for tran 2 credit is 6 months
Mandeep Singh  07 October 2017what's difference between tran1 and tran2
Mandeep Singh  07 October 2017and dear sirs
as per yesterday announced amendments
Kindly clear me if RCM charges waived off Till march 2018 is applicable on all industries irrespective of turnover limits?
Mandeep Singh  07 October 2017
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Replies (7)
TRAN-1 is a transitional ITC/stock statement and TRAN-2 is a statement of details for supplies of goods effected during the tax period. The reverse charge mechanism under sub-section (4) of section 9 of the CGST Act, 2017 and under sub-section (4) of section 5 of the IGST Act, 2017 shall be suspended till 31.03.2018 and will be reviewed by a committee of experts. This changes will be applicable only upto the turmover of 1.5cr after notified by the GST council
what are last dates for filing tran 1 and tran 2
31st October for tran 1 and tran 2 every month last for 6 months
Sir I could not understand tran2 reply.
if you have valid bills you file tran 1 tran 2 is for those who don't have valid bill it is filed at the end of every month
if you have valid bills you file tran 1 tran 2 is for those who don't have valid bill it is filed at the end of every month
Singh Sir,
As I understand, RCM is suspended till 31st March 18 for all the GSTN Registered.
As I understand, RCM is suspended till 31st March 18 for all the GSTN Registered.
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