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TRAN credit verification, Goods and Services Tax - GST

Issue Id: - 118215
Dated: 4-11-2022
By:- V Rajalakshmi
TRAN credit verification

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The company had availed TRAN credit on account of VAT paid material received after appointed date and declared the details in TRAN 1 return .The company has been served with notice saying that the part of the credit is in -eligible due the supplier has not remitted the tax. The company is in possession of original invoice and proof of payment made to the supplier . Any relief is possible or the tax needs to be compulsorily to be paid?

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Showing Replies 1 to 4 of 4 Records

1 Dated: 7-11-2022
By:- Ganeshan Kalyani

The credit is allowed provided the tax invoice is in the possession of the taxpayer.


2 Dated: 8-11-2022
By:- KASTURI SETHI

Must fight the case on merits. I also agree with Sh.Ganeshan Kalyani Ji.


3 Dated: 8-11-2022
By:- Amit Agrawal

Section 140 (5) reads as follows:

"A registered person shall be entitled to take, in his electronic credit ledger, credit of eligible duties and taxes in respect of inputs or input services received on or after the appointed day but the duty or tax in respect of which has been paid by the supplier under the 10[existing law, within such time and in such manner as may be prescribed], subject to the condition that the invoice or any other duty or tax paying document of the same was recorded in the books of account of such person within a period of thirty days from the appointed day:

Provided that the period of thirty days may, on sufficient cause being shown, be extended by the Commissioner for a further period not exceeding thirty days:

Provided further that said registered person shall furnish a statement, in such manner as may be prescribed, in respect of credit that has been taken under this sub-section"


4 Dated: 11-11-2022
By:- V Rajalakshmi

thank you sir


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