Purpose of GST TRAN – 1
GST TRAN – 1 is the form provided under GST in accordance with the transition provision in the form provided under GST in accordance with the transition provision. The purpose of GST TRAN – 1 is the form provided under GST in accordance with the transition provision is to collect information with respect to an inputs tax credit of Cenvat and VAT available under existing law so that the same can be transferred to electronic credit ledger under GST and Registered person can utilize this credit for the payment of CGST and SGST.
Section for Business Information
The first section is to collect Business Information for a registered person. In this section of GST TRAN – 1, the registered person has to provide basic details about their business. These details are
GSTIN Number.
Legal Name of Registered Person.
Trade Name.
Whether return all return filed under existing Law or not during Last 6 Months.
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Section for details of CENVAT CREDIT to be carry forward Section 5(a)
As per the provision of Section 140(1) and 140(1)(a), a Registered person under GST can carry forward cenvat credit as admissible ITC to electronic credit ledger as CGST subject to certain conditions. This part of GST TRAN – 1 collect information with respect to cenvat credit to be carried forward to GST from Existing Law.
This part to be filled by a Registered person register under Excise and Service tax under existing law.
Information required to be filled are::
Registration number under Existing Law: Under this Column GS TIN number of the registered person to be provided.
Tax Period of Return filling: Under this column Tax period for which the last return filled to be provided here. Since registered dealer who furnished all the returns required under the existing law for the period of six months immediately preceding the appointed date can carry forward the Cenvat credit, information regarding return furnished under existing law is very important.
Date of filling return: Date of Filling of last return under excise and Service tax to be provided here with reference to tax period in Column 2 above.
Read Also: GST Amendment Act, 2018 & Its Impact: 20 Major Changes
Balance Cenvat Credit to be carry forward: Under this column Amount carry forward as Cenvat credit as per last filled return to be provided here.
Cenvat Credit admissible as ITC of central tax in accordance with transitional provisions: Amount of ITC available as credit of ITC under GST out of amount carry forward in last filled return to be provided here.
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Section for Status of Forms for which credit to be carry forward
This section collects information about various forms already collected by a registered person under existing law such as.
This part to be filled by a Registered person register under Excise and Service tax under existing law.
Information required to be filled are:
TIN Number of forms issuer: Under this column TIN number of Person issuing form to be provided here.
Name of Forms issuers: Under this Column Name of Form under Existing Law to be provided here.
Serial number of form: Under this Column Serial number of Form to be provided here.
Amount under forms: Amount under Form to be provided here
Applicable VAT Rate: Applicable VAT rate under existing VAT to be provided here
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VAT Credit available as SGST or UT GST – Part 5(c)
This part collects information with respect to carrying forward of balance VAT credit under existing law to GST as a credit of SGST or U T GST. Such information to be provided for all registrations on the same PAN and in the same State
This part of GST TRAN – 1 is to be filled by registered person register under VAT act under existing law.
Information required to be filled are:
Registration number in Existing Law: Under this Column Registration number in Existing Law to be provided here.
Balance of ITC of VAT and [Entry Tax] in last return: Under this Column Balance of ITC of VAT and [Entry Tax] in last return to be provided here.
C Forms: Under this Column Detail of Turnover for which with respect to C forms pending and amount of differential tax payable on such turnover to be provided.
F Forms: Under this Column Detail of Turnover for which with respect to F forms pending and amount of tax payable on such turnover to be provided.
ITC Reversal: Under this Column Amount of ITC reversal with respect to tax payable due to non receipt of C forms and F Forms.
H / I Forms: Under this Column Detail of Turnover for which with respect to H and I forms pending and amount of tax payable on such turnover to be provided.
Transition ITC – 2: Under this Column ITC to be carry forward under GST based on information provided above.
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Details of CENVAT CREDIT in respect of CAPITAL GOODS to be carry forward as CGST – Part 6(a)
As per section 140(2), unutilized credit of cenvat on capital assest can be carry forward as credit of CGST under GST. This part of the form collect all information with respect to the provisions of Section 140(2).
This part GST TRAN – 1 is to be filled by a Registered person register under Excise and Service tax under existing law.
Information required to be filled are:
Invoice / Document no. and Date: Under this Column Invoice number and date of invoice of purchase of capital goods to be provided here.
Supplier’s and Recipient registration no. under existing law : Under this Column Supplier’s and Recipient registration no. under existing law to be provided.
Details of capital goods on which credit has been partially availed : Under this Column Details of each capital goods on which credit has been partially availed to be provided.
Total eligible cenvat credit under existing law : Under this Column Total eligible cenvat credit under existing law available to be provided here.
Total cenvat credit availed under existing law : Under this Column Amount of credit availed under existing law to be provided here.
Total cenvat credit unavailed under existing law: Under this Column Total cenvat credit unavailed under existing law.
Details of VAT CREDIT in respect of CAPITAL GOODS to be carry forward as CGST – Part 6(b)
Unutilized credit of VAT on capital assets can be carry forward as credit of SGST under GST. This part of the form collect all information with respect.
This part to be filled by Registered person register under VAT under existing law.
Invoice / Document no. and Date: Under this Column Invoice number and date of invoice of purchase of capital goods to be provided here.
Supplier and Recipient registration number under Existing Law: Under this Column Supplier’s and Recipient registration no. under existing law to be provided.
Details regarding capital goods on which credit is not availed : Under this Column Details of each capital goods on which VAT credit has been partially availed to be provided.
Total eligible VAT [and ET] credit under existing Law: Under this Column Total eligible VAT credit under existing law available to be provided here .
Total VAT [and ET] credit availed under existing law : Under this Column Amount of credit availed under existing law to be provided here.
Total VAT [and ET] credit unavailed under existing law : Under this Column Total VAT credit and Entry Tax credit unavailed under existing law to be provided here.
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Details of the Eligible Duties as Inputs held in stock in terms of sections 140(3), 140(4)(b) and 140(6)
This Section of GST TRAN – 1 is to be filled by following person:
- Person not registered under Existing Law
- Person who is engaged in the manufacturing of exempted goods or providing exempted services under current Law
- First stage dealer
- Second stage dealer
- Registered Importer
- Depot of a manufacturer
All listed person are eligible for credit of eligible duties in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock.
Information with respect to HSN code, Items name, its Units, Quantity, Value and Eligible duties paid on such inputs be provided here. However separate information to be provided with respect to availability of duty paid invoices and non-availability of duty paid invoices.
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Details of the VAT as inputs held in stock by Certain Person – Part 7(b)
Information with respect to HSN code, Items name, its Units, Quantity, Value and Eligible duties paid on such inputs be provided here. However separate information to be provided with respect to availability of duty paid invoices and non-availability of duty paid invoices.
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Transfer of cenvat credit for registered person having centralized registration – Part 8
As per section 140(8), Registered Person having centralized registration under existing law can carry forward cenvat credit under GST.
This part of the GST TRAN – 1 form is not to be filled by every person and shall only be filled by a person having centralized registration under existing law only.
Information required to be filled are:
Registration no. under existing law (Centralized): Under this Column Detail of centralized registration under Existing Law.
Tax period and Date to which the last return filed under the existing law pertains: Under this Column Tax period and Date to which the last return filed under the existing law pertains to be provided here.
Balance eligible cenvat credit carried forward in the said last return: Under this Column Amount of balance eligible cenvat credit carried forward in the last return to be provided here.
GSTIN of receivers (same PAN) of ITC of CENTRAL TAX: Under this Column GS TIN number of the registered person to be provided here.
Distribution document /invoice: Under this Column Detail of the invoice along with the date of invoices to be provided here.
ITC of CENTRAL TAX transferred: Under this Column of GST TRAN – 1 Amount of ITC carried forward under GST to be provided here.
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Details of goods sent to job-worker and held in his stock on behalf of principal under section 141 – Part 9
As per section 141, goods sent to the job workers under existing law and return back after the appointed date under GST, No tax shall be payable on such goods.
Part 9(a) to be filled by Principle and Part 9(b) to be filled by job worker.
Challan NO: Under this Column Details of Challan number with respect to good send or receive to be provided here.
Challan Date: Under this Column Date of challan to be provided.
Type of goods (inputs/ semi-finished/ finished): Under this Column Type goods such as inputs, semi-finished goods, or finished goods to be provided here.
Details of goods with job- worker: Under this Column Details of goods such as HSN code, Description of Goods, Units, Quantity, and Value of such goods to be provided here.
GS TIN number of Manufacturer or Job worker: Under this Column of GST TRAN – 1, GS TIN number of Manufacturer to be provided. GS TIN number of Job worker may be provided if available.
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Details of goods held in stock as agent on behalf of the principal under section 142 (14) of the SGST Act – Part 10
Goods held in stock as an agent on behalf of the principal under section 142 (14) of the SGST Act to be provided under this part of GST TRAN – 1 form.
Details of goods such as HSN code, Description of Goods, Units, Quantity and Value of such goods to be provided here.
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Details of credit availed in terms of Section 142 (11 (c )) – Part 11
Details to be provided here.
Registration No of VAT: Under this Column Registration number of VAT to be provided.
Service Tax Registration No.: Under this Column Registration number of Service tax to be provided.
Invoice number and Date: Under this Column Invoice number and date to be provided.
Tax Paid: Under this Column Amount of tax paid under existing law to be provide here.
VAT paid Taken as SGST Credit or Service Tax paid as Central Tax Credit: Under this Column Amount of VAT paid Taken as SGST Credit or Service Tax paid as Central Tax Credit to be provided here.
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Details of goods sent on approval basis six months prior to the appointed day (section 142(12)) – Part 12
Detail to be provided such as
Document number and Document date: Under this Column Document number and date with respect to document sent on approval basis.
GSTIN no. of recipient, (if applicable): Under this Column GS TIN number of Recipient to be provided.
Name & address of recipient: Under this Column Name and address of recipient to be provided.
Details of goods sent on approval basis: Under this Column Details of goods such as HSN code, Description of Goods, Units, Quantity and Value of such goods to be provided here.
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Purpose of GST TRAN – 2
Where credit is carry forward with respect to goods where document evidence of payment of duty or VAT under existing law is not available, credit under GST for those goods shall be available only if those goods get sold with in the period of 6 month. GST TRAN – 2 collect information with respect to such goods and details of subsequent supplies of those goods in order to provide credit of taxes under GST.
Details of Inputs held in stock on appointed day with repect to which document evidencing payment of tax not in possession
Information to be provided here
Opening stock for the tax period: Under this Column Detail of HSN Code along with units and quantity to be provided.
Outward supply made: Under this Column Detail of outward supply made with respect of goods held in stock for which no document available for payment of tax before appointed date. Detail of outward quantity, value, CGST and IGST and ITC allowed to be provided.
Closing balance: Under this Column Closing quantity to be provided here with respect to such goods.
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Details of VAT held in stock on appointed day with repect to which document evidencing payment of tax not in possession
Information to be provided here
Opening stock for the tax period: Under this Column Detail of HSN Code along with units and quantity to be provided.
Outward supply made: Under this Column Detail of outward supply made with respect of goods held in stock for which no document available for payment of tax before appointed date. Detail of outward quantity, value, CGST and IGST and ITC allowed to be provided.
Closing balance: Under this Column Closing quantity to be provided here with respect to such goods.
Transfer of Stock and Input credit under GST
