TRAN 1 CREDIT IN GSTR 9C, Goods and Services Tax - GST

[THYAGARAJAN KALYANASUNDARAM]

Dear Sir/ Madam,

Where to show TRAN 1 credit in Form GSTR 9C? Column 12B in GSTR 9C form states " ITC booked in earlier financial years claimed in current financial year". Should we show TRAN 1 credit belonging to f.y. 2016-17 alone here or those belonging to April - june 2017 also to be shown. If TRAN 1 credit of f.y. 2016-17 alone to be shown then where should we show credit belonging to period april - june 2017 ?

Posts / Replies

[Ganeshan Kalyani]

It will be shown in ITC claimed as per Annual Return.

[Ganeshan Kalyani]

In Point IV, 12(E) of GSTR 9C.

[Ganeshan Kalyani]

As per ICAI guidelines TRAN 1 credit to be shown in column 12 B of 9C.

[KASTURI SETHI]

--------------------And regarding the period, we are to go by the Financial Year. The definition of financial year has not been changed so far under any Act.