While preparing Tran 1,When we fill details in 7(a),there comes an option for invoices.Since traders do not have invoices we choose "no" for the same.Because of this the column "eigible duties on such inputs" freezes,now i'll be able to show quantity only.So now my question is how can i check if m getting the credit before submission of form.What if i submit and don't get the credit.
Menu
Regarding deemed credit in tran 1
Replies (2)
I am also facing the same issue, please suggest.
When the duty paid invoices are not available with the dealer but he has Goods procurement Document i.e. Purchase bill in his possession, in that case the credit amount is not linked to Elegible Duty Paid and the same is being calculated on AdHoc Basis i.e. 60% OR 40% of CGST and CGST is linked from HSN we mention in form.
So there is no need to mention any figure in Duty Paid and neither a dealer not registered in Excise and not having duty paid invoices would know the exact amount oaid by him as Excise duty or other eligible duties.
Recent Topic
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
- How do I choose the correct trademark class? Can I
- Error in totalling salary amount in AIS
- Client consent under DPDPA: Is client sharing PAN,
- TDS MISMATCH
- Rebate on other income even if LTCG is above my 12
Related Topics
CAclubindia
