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Advisory for claiming credit in TRAN-1 in respect of existing registrations.

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..... Advisory for claiming credit in TRAN-1 in respect of existing registrations. - Goods and Services Tax - GST Dated:- 13-10-2017 - News - It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration under earlier laws of Central Excise, Service Tax and VAT. When these registrations are mentioned in the TRAN 1 form in different .....

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..... tables, and transitional credit claimed against them, the tax payers gets the message of processed with error when they save such details. This happens because the application validates the furnished registration number under existing laws in TRAN 1 with the registration number mentioned in the registration/enrolment application. Hence, to claim transitional credit in respect of earlier reg .....

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..... istrations one must first include them in his enrolment/registration details using the non-core amendment facility and then file TRAN 1. While filing the application of non-core registration amendment, following care must be taken at the relevant places of application : One should not use special characters (-, /) while adding Service Tax No. /Central Excise No./VAT/TIN on the Business det .....

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..... ails Tab. One should ensure that no Duplicate e-mail or Phone No. is given for promoters/ partners or Authorized Signatories. One should see that Service Accounting Code (SAC) provided during migration has been provided as per new service codes (and not the earlier ones). One should ensure that the STD code is entered correctly in the field provided and it is not entered in the field for .....

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..... entering the local Telephone no. - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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