I have a huge volume of CGST carried over from pre-GST period, which I have declared in TRAN-1. This amount has already come into my Input Credit Ledger.
I am an exporter of goods and more than 98% of my turnover is exports only. So, I am entitled to claim the refund of Input Tax in my Credit Ledger. When I fill up Form RFD - !A, I have the following problems.
In the column titled "Input Credit for the Tax Period" do I enter only relating to July or do I enter Input of July + Input claimed under TRAN-1
If I enter only July Inputs, then what is the mechanism for claiming the refund of TRAN-1 input credit. In my case, the TRAN-1 carried over CGST credit is around Rs. 42 lakhs. But the Input credit for July is only 1.65 lakhs. I cannot ignore TRAN-1 credit.
Can any of you help with suggestion? Is there any other form available for claiming of refund of credit carried over from TRAN-1?
CAclubindia
