Form GST TRAN - 1
(See Rule 117(1), 118, 119 & 120 )
Transitional ITC / Stock Statement
1. GSTIN -
2. Legal name of the registered person -
3. Trade Name, if any -
4. Whether all the returns required under existing law for the period of six months immediately preceding the appointed date have been furnished:-Yes/No
5. Amount of tax credit carried forward in the return filed under existing laws:
(a) Amount of Cenvat credit carried forward to electronic credit ledger as central tax (Section 140(1) , Section 140 (4) (a) and Section 140(9) )
(b) Details of statutory forms received for which credit is being carried forward
Period: 1st Apr 2015 to 30th June 2017
(c) Amount of tax credit carried forward to electronic credit ledger as State/UT Tax(For all registrations on the same PAN and in the same State)
6. Details of capitals goods for which unavailed credit has not been carried forward under existing law (section140 (2)).
(a) Amount of unavailed cenvat credit in respect of capital goods carried forward to electronic credit ledger as central tax
(b) Amount of unavailed input tax credit carried forward to electronic credit ledger as State/UT tax
(For all registrations on the same PAN and in the same State)
7. Details of the inputs held in stock in terms of sections 140(3), 140(4)(b), 140 (6) and 140 (7).
(a) Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a) and 7(a)
(b) Amount of eligible duties and taxes/VAT/[ET] in respect of inputs or input services under section 140(5) and section 140(7):
(c) Amount of vat and entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST under sections 140(3), 140(4)(b) and 140(6)
(d) Stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 117 (4)) (To be there only in States having VAT at single point)
Details of description and quantity of inputs / input services as well as date of receipt of goods or services (as entered in books of accounts) is also required.
8. Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))
9. Details of goods sent to job-worker and held in his stock on behalf of principal under section 141
a. Details of goods sent as principal to the job worker under section 141
b. Details of goods held in stock as job worker on behalf of the principal under section 141
10. Details of goods held in stock as agent on behalf of the principal under section 142 (14) of the SGST Act
a. Details of goods held as agent on behalf of the principal
b. Details of goods held by the agent
11. Details of credit availed in terms of Section 142 (11 (c ))
12. Details of goods sent on approval basis six months prior to the appointed day (section 142(12))
Verification (by authorized signatory)
I hereby solemnly affirm and declare that the information given herein above is true and correct to the best of my knowledge and belief and nothing has been concealed therefrom
Instructions:
1. Central Tax credit in terms of sub-section (9) of section 140 of the CGST Act, 2017 shall be availed in column 6 of table 5 (a).
2. Registered persons availing credit through Credit Transfer Document (CTD) shall also file TRANS 3 besides availing credit in table 7A under the heading "inputs."