TMI BlogCVD and Trasn 1 creditX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi , My company could not transfer the CVD credit benefit to the existing dealers in 2017. Now for the same dealers we also have debit balance . Is it possible to adjust the same by means of book accounting entry Rahul Bagaria - Reply By Kashish Gupta - The Reply = Hi Rahul The due date to file Form GST- TRAN-1 has expired on 27.12.2017. However, in cases of technical glitches, the date st ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ood extended to 31.03.2020 vide NN 02/2020-CT . Also the credit of CVD lying in your books and lying in unsold stock as on 30.06.2017 with dealers was allowed as credit subject to availability of prescribed documents. Therefore, merely a book adjustment won't do anything until and unless it enters into the electronic credit ledger. Therefore, conclusion of this advisory depends on the f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acts which needs to be studied. Kindly share the details. - Reply By Spudarjunan S - The Reply = You may also consider the recent decision of Hon'ble Delhi HC in the case of M/s Brand Equity = 2020 (5) TMI 171 - DELHI HIGH COURT where it had pronounced that Transitional credit can be claimed till 30.06.2020 i.e. General Limitation of 3 years would applied and not 90 days as provided in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST Law. - CVD and Trasn 1 credit - Query Started By: - Rahul Bagaria Dated:- 1-5-2020 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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