The Supreme Court has granted a four-week extension for businesses to file for transitional credit using the Tran 1 and Tran 2 forms. This decision follows a hearing where GSTN requested more time to comply with a previous order. Consequently, the common GST portal will be reopened from 1st October 2022, allowing eligible taxpayers to submit their transitional credit claims.
Supreme Court allows 4 weeks extension to open common portal for Tran 1 Tran 2
Honble Supreme Court while hearing an application from GSTN, has allowed extension of 4 weeks time to comply with their order dated 22/07/2022 issued in the matter of UOI Anr. V/s Filco Trade Centre Pvt. Ltd. Anr. bearing SLP (C) nos. 32709-32710/2018. Accordingly, GSTN would open the common portal for filing transitional credit through Tran 1 and Tran 2 w.e.f 01/10/2022.
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Team GSTN
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FAQ :
The Supreme Court has allowed a four-week extension for opening the common GST portal for filing transitional credit through Tran 1 and Tran 2.
The common GST portal will be reopened for filing transitional credit from 1st October 2022.
The forms involved are Tran 1 and Tran 2.
GSTN (Goods and Services Tax Network) made an application for the extension.
The extension is to comply with the Supreme Court's order dated 22/07/2022 in the matter of UOI & Anr. V/s Filco Trade Centre Pvt. Ltd. & Anr.