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Trans 1 form, Goods and Services Tax - GST

Issue Id: - 118239
Dated: 21-11-2022
By:- chetan jadhav
Trans 1 form

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Query regarding Trans-1 form

A is a private limited company engaged in trading and engineering consultancy services. Company was registered under erstwhile service tax and MVAT Act. Before the introduction of GST, company had imported goods for Trading purpose on which CVD and SAD was paid. certain quantity of goods were available as balance in closing stock as on 30.06.2017.

Question is - Can company now claim credit for the CVD/SAD paid on imports (proportionate basis on goods available in closing stock as on 30.06.2017) by filling Trans 1 form before 30.11.2022. All goods have been purchased between 1st July 2016 to 30.06.2017. ie within 12 months and Bill of entry for import is available.

If yes, is there any other condition which company needs to fulfill to claim the credit.


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1 Dated: 21-11-2022
By:- Ganeshan Kalyani

In my view, yes.


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