One-time opportunity for filing/ revising TRAN-1 or TRAN-2

One-time opportunity for filing/ revising TRAN-1 or TRAN-2 Provisions of section 140 of the Central Goods and Services Tax Act, 2017 cover transitional provisions so as to ensure that the Cenvat Credit balance in the erstwhile law is smoothly received…

Scheme for Budgetary Support (SBS)

Scheme for Budgetary Support (SBS) The Department of Industrial Promotion and Policy (DIPP) has declared a scheme to extend the budgetary support to the manufacturing units in the backward areas. These areas avail central excise benefits as per the area-based…

Preparing TRAN-1 using Offline Tool

Preparing TRAN-1 using Offline Tool TRAN-1 must be filed by a taxpayer who is have Input Tax Credit (ITC) on closing stock and have migrated to GST from any of the previous tax systems. To help taxpayers prepare and file TRAN-1,…

Deadline Extended for Filing GST TRAN-1

Deadline Extended for Filing GST TRAN-1 The Government has today announced an extension of the deadline for filing GST TRAN-1. The new deadline for filing GSTR TRAN-1 is now 30th November 2017. https://twitter.com/askGST_GoI/status/923511680566464513 Do I have to file GST TRAN-1?…