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tran-1 filing
Sir person (trader)not registered under excise but registered under VAT..he has mentioned closing stock of 25 lac in june vat returns for which he has 13 lac invoice (cst purchase) with excise duty mentioned and 12 lac invoice (vat purchase)were excise duty is not mentioned..existing tax rate @ 28 %....at what % can he claim excise duty ITC in both cases and which column in TRAN-1 should he file to get credit
Replies (10)
On CST purchase he claim Only ED tax but, 100% ED can claim if he had bills....
CST tax can't get as ITC...
CST tax can't get as ITC...
Right and also visit your local excise office for further information
thank s sir ...on vat purchase sir can
on vat purchase where the excise duty component is not mentioned in the bill ..can he claim itc....
No.... On VAT purchase without ED bill you can't take ED input....
ok sir thank you so much
sir should I fill the details in column 7a alone of tran1 for invoice with ed mentioned in it
I think you also can get vat purchase without ED mentioned input in table 7a with remarks no ED invoices available. where you will get 60 % of input as CGST of ED of which rate which is applicable before 30-06-17.
You have to also fill trans 2 monthly.
You have to also fill trans 2 monthly.
ok sir...thank you
what is trans 2 ?
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