Transition Credit

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131 Points Posted on 02 April 2020
what is transition Credit in Gstr 9
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On 02 April 2020 at 22:24 Report
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Transition credit in GSTR 9 refers to tax credits carried forward from the old tax regime to the GST regime, typically filed via Tran 1. For FY 18-19, if transition credit is auto-populating, it might be due to portal glitches. It's advisable to wait for updates rather than proceeding with potentially inaccurate data.

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GST Practitioner
55067 Points Posted on 02 April 2020
Transition credit means any credit which is being carry forward from old tax regime to GST Regime.
Ie , Taxpayer who have Filed Tran 1
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On 02 April 2020 at 23:23
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131 Points Posted on 02 April 2020
Ohh ok.. but fy 18-19 is there possibility that transition? because it's auto populate in gstr9
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On 02 April 2020 at 23:40
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GST Practitioner
55067 Points Posted on 04 April 2020

YES ....ITS PORTAL GLITCHES, AS NOT BEING UPDATED.

SO AVOID & BETTER TO WAIT FOR UPDATED

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On 04 April 2020 at 12:50

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