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vat itc

ITC / Input 129 views 2 replies
I have taken ITC credit under VAT For Jun 2017 as per Jun 2017 VAT Return how to take this credit under GST
June ITC under VAT not availed how to
Replies (2)
You should have taken it by filling Trans-1. But Trans-1 is closed now
Form TRAN-1 should be filed by every person having ITC on closing stock and migrated to GST form VAT, Service Tax, or Central Excise.

The balance of closing stock held by a business as on 1st July 2017 has to be disclosed in TRAN-1 to claim ITC on the old stock in the GST regime.

Last date for TRAN 1 is over so you can't file it now as it is not available. 

As per Order No. 4/2018 , the taxpayer who could not file Tran 1 due to technical fault of portal & whose cases have been recommended by council can file the same by 31/01/2019.(This notification already posted by Our CCI member Mr. Pankaj sir)


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