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TRANSITIONAL CREDIT AND PENALTY ON GSTR1 2017-18 - Goods and Services Tax - GSTExtract Dear Sir, 1. A registered person who is retail dealer in textiles claimed transitional credit on VAT paid in earlier years. Officer is making ineligible credit to the extent of purchases before 01/07/2016 U/s 140(3)(iv) at the time of Audit. Is any provision for claiming full trasitional credit on purchases above one year. 2. For GSTR-1 late filed for the year 2017-18 is any late filing fees or penalty is attracted? Kindly clarify sir. Yours faithfully, K G Anantharao
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