Balance of Cenvat on input Raw Material, Goods and Services Tax - GST

[HP Soni]

Dear Sir,

We have already submitted Excise Return of Excise for June 17. Some cenvat credit invoices prior to June 17 received in July-August 17. Where can we show these ITC in TRAN1. Kindly advice coloumn no

Posts / Replies

[CS SANJAY MALHOTRA]

Col.7B in GST TRANS-1 is used to record ITC in respect of Inputs/Input Services, where the Invoices are issued prior to 01.07.2017 ( but not later than 1 year from 01.07.2017) and recorded upto 30.07.2017 (Extended by another 30 days with the approval of Commissioner) in the books of accounts.

[Himansu Sekhar]

Kindly clarify about the items you mentions. Whether inpouts or input services. When the same were received. If the inputs or input services received prior to the appointed day, but you received the invoices afterwards, section 140(5) will not come to your rescue. No credit is available.