Faq On Tran 1 Important Questions Related To Tran 1 With Solutions
2. Why do I need to file transition Form GST TRAN – 1? Every registered person who is eligible to take credit of eligible duties and taxes paid under existing laws in respect of input or input services or capital goods in his/her Electronic Credit Ledger, needs to file a declaration in Form GST TRAN – 1 within 90 days + extended days of the appointed day (1st July 2017). After successful filing of transition Form GST TRAN – 1 online, the credit will be credited/posted to their Electronic Credit Ledger and can be utilized for discharge of liabilities under GST regime....