banner_ad

Trans - 1 filed have excess itc till date not utilised in gst return

ITC / Input 199 views 1 replies

I am having Excess in last VAT June 2017  ITC upto Rs.120000/- i have filed Trans 1 and its shows in GST Portal  Tax  portal also Til Date July 2018 i am having Excess ITC in GST Portal next in Auguts 2018 I need to Pay the Tax can i use the Trans - 1 Amount Rs.120000/- Filed 

Replies (1)
A registered person is entitled to take in his electronic credit legder(ECL) , VAT credit carried forward under transitional provision sec.140(1) of cgst act.
further as per sec.49 of cgst act, the amount available in ECL may be used for making payment towards output tax. utilisation must be done as per provsion of section 49.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details