REVERSAL OF TRAN 1?

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Mohammed Goryawala

727 Points Joined July 2017

During the initial stage of TRAN 1, I had claimed "EXCESS CREDIT CLAIMED AS REFUND IN THIS RETURN" under Form 231 for Q1 of 2017 after filing the VAT RETURN. No Statutory Forms were required as it was Credit of STATE.

However now I am getting calls from GST dept to reverse the same but they aren't giving any reason as to why there should be a reversal. And failing to do so they will pass an Order for Revocation of credit.

Kindly help me out in this situation.

Thanks!

Replies (2)

Shivam RC

Student

23688 Points Joined November 2017

The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement and Audit Report in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th NOVEMBER, 2019.

REMOVAL OF DIFFICULTY ORDER No. 07/2019-CT dated 26.08.2019, issued by the CBIC Department.

Hence, the latest Due Date to file ANNUAL RETURN ( GSTR-9 and GSTR-9A ) and Reconciliation Statement and Audit Report ( GSTR-9C ) is 30.11.2019.

Ramiah Jayaraman

11 Points Joined December 2017

SIR WHILE FILING TRAN 1 I ENTERED AMOUNT RS.70610/- ASPER LAST RETURN(30/06/2017) AND ALSO BY MISTAKE IN TABLE 7(D) AS RS 25784/- AS STOCK IT IS NOT SO HOWEVER IREVERSED RS.25784/- IN MARCH 2019 3B RETURN. NOW I HAVE RECEIVED NOTICE FROM THE DEPT. BY MAIL DRC-01 TO PAY 25784/- +OTHERS RS.24000/- THOUGH I HAVE REVERSED THE TAX THE DEPT. DEMANDED AGAIN PLEASE ADVISE HOW TO REPLY THANKS JAYARAMAN