Dec 152017
 

As per the provisions of the GST Act, for claiming the deemed credit of tax in respect of Stocks held by the GST tax payers as on 30th June 2017, filing of Tran – 1 is mandatory.

After filing the Tran  – 1, the tax credit in respect of Stocks for which duty paid invoices were available , was given immediately and the tax credit in respect of goods for which duty paid invoices were not available has to be claimed by filing Form Tran – 2.

The Tran -2 filing has to be done on a monthly basis providing the details of the sale of stocks on a monthly basis for the months from Jul 2017 to Dec 2017.

The said filing of Tran – 2 was not enabled in the GST portal till now. From today, the filing of Tran-2 has been enabled.

In view of the above, the deemed credit in respect of stocks without duty paid invoices can be claimed now by filing Tran – 2 in the GST portal.

For filing the Tran – 2 in GST  portal ,

Login to www.gst.gov.in

Go to Service Tab-> Returns -> Transition Forms -> Select the Tran 2 Tab

Source :- www.gst.gov.in

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