Home Forum Goods and Services Tax - GST Month 6 2023 2023 (6) This
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TRANS-1 CREDIT ISSUE - Goods and Services Tax - GSTExtract Dear Sir/Madam, My query related to Trans-1 Credit, as per the audit observations made by the officers of GST they pointing out the following discrepancies. 1) As per the Trans-1 uploaded by the taxpayer, 100% credit on some capital goods ( Only 3 Invoices ) has been claimed, whereas the provisions and explanation allows only unclaimed balance amount . Thus, Availing of 100% credit on capital goods in Trasn-1 was irregular. 2) Credit in table RCM paid tax challans been claimed wherein the services was rendered by the supplier in prior to implementation of GST and tax was paid after appointment date. e.g. RCM Tax # paid in 6th July 2017, related to June 17 credit claimed in TRANS-1 was not correct as per the provisions. Need advise to given reply. Regards
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