Extension of time limit till 31st March 2020 for Filing FORM GST TRAN-1

The Central Board of Indirect Taxes and Customs vide an order dated 7th February has extended the due date for submitting the declaration in GST TRAN 1 electronically till 31st March 2020 for the class of taxpayers who could not file the return in time due to the technical difficulties in the GST Portal.

TRAN 1 should be filed by every person who are eligible to claim ITC on closing stock and migrated to GST form VAT, Service Tax, or Central Excise. As per Rule 117 of the Central Goods and Services Tax Rules, 2017, every registered person entitled to take credit of input tax under section 140 shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1.

Thus, to help the taxpayers who could not submit within the due date the declaration in Form GST TRAN-1 because of technical glitch in GST filing processes are allowed to complete the submission of such Form GST TRAN 1 by 31st March 2020.

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