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Tran-1 GST

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..... Tran-1 GST
Query (Issue) Started By: - vignesh VSACCOUNTOPRIVATELIMITED Dated:- 19-9-2023 Last Reply Date:- 26-9-2023 Goods and Services Tax - GST
Got 3 Replies
GST
Sir. I have C/fd in Tran-1 unclaimed taxes paid under section 12 in TNVAT. Whereas in TNVAT Portal Section 12 purchase tax need to be manually entered for c/fd, there is no provision in the TNVAT portal to c/fd automatical .....

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..... ly section 12 tax or to adjust against tax payment. Now Department is demanding to pay tax again because tax is not getting reflected as c/fd in June 2017 return. kindly provide me solution to approach the above issue Reply By Shilpi Jain: The Reply: In case it was a credit eligible under TNVAT you could consider approaching the HC since the HCs have taken views in the past that an eligible cred .....

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..... it which is a accrued and indefeasible right should not be denied due to procedural errors of not mentioning in the returns or non-filing of TRAN-1. However, note that only if it is an eligible credit under the earlier law and mere carry forward has some miss or error, you may not get relief. Reply By Padmanathan Kollengode: The Reply: Agreed with views of Shilpi Ma'am. The Department canno .....

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..... t deny the credit which is otherwise eligible to you, only for the reason that it was not manually entered for c/d. File a reply giving proof of payment, eligibility of said credit etc. There are many CESTAT and High Court decision on the same issue. Reply By Ganeshan Kalyani: The Reply: Transitional credit claim is questioned a lot about it's correctness, eligibility etc. You have to fight .....

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..... it out if there are evidence that proves it is your eligible credit.
Discussion Forum - Knowledge Sharing .....

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