Category: Input Tax Credit
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Filing transition form GST TRAN-3
FAQs Transition Form GST TRAN – 3 1. Who needs to file Form GST TRAN – 3? 1. Dealer who have received Credit Transfer Document (CTD) issued by Manufacturer 2. Manufacturer who has issued CTD to dealers 2. Why do I need to file Transition Form GST TRAN – 3?…
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Filing transition form GST TRAN-2 GST Form TRAN – 2
FAQs GST TRAN – 2 1. Why do I need to file transition Form GST TRAN – 2? Every registered person who is eligible to take credit in his/her Electronic Credit Ledger of eligible duties and taxes paid under existing laws in respect of inputs, in respect of which he…
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Submitting Transition Forms GST Form TRAN-1
FAQs Transition Form GST TRAN – 1 1. What are Transitional Provisions? As per the transitional provisions of CGST/ SGST/ UTGST Act, registered person can take credit of taxes or duties paid under existing State or Central laws, like Value Added Tax Act, Central Excise Act and Service Tax laws…
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Filing Form GST ITC-04 – Declaration of Goods/Capital Goods sent to and received back from Job Worker
FAQs Form GST ITC-04 Overview 1. What is Form GST ITC-04? Form GST ITC-04 is a declaration form to be furnished by registered persons (Principal), showing the details of inputs or capital goods dispatched to or received from a job worker in a particular quarter. The details of the following…
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Filing Form GST ITC-03 – Declaration for Reversal of ITC
FAQs Form GST ITC-03 1. What is Form GST ITC-03? Form GST ITC-03 is to be filled up by those taxpayers who opts for composition scheme or where goods or services or both supplied by taxpayer becomes wholly exempt. This form is to be filed by taxpayers, to pay an…
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Filing Form GST ITC-02A – Declaration for Transfer of ITC to another Registration, obtained in same State
FAQs About – Form GST ITC-02A 1. What is Form GST ITC-02A? A person having multiple places of business in a State or Union territory may be granted separate registration for each place of business. If a registered person, who has obtained separate registration for multiple places of business in…
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Filing Form GST ITC-02 – Declaration for Transfer of ITC in case of Sale/Merger & Demerger
FAQs GST ITC-02 1. What are the pre-conditions for filing of ITC declaration in FORM GST ITC-02? The following conditions must be met for being eligible to file the FORM GST ITC-02: 1. In case any registered entity undergoes sale, merger, de-merger, amalgamation, lease or transfer, the acquired entity must…
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Filing Form GST ITC-01 – Declaration for Claim of ITC on New GST Registration
FAQs GST ITC-01 1. What is GST ITC-01? Registered person who is entitled to claim credit of input tax under section 18 (1) is required to file a declaration in Form ‘GST ITC-01’. The credit may be availed for inputs held in stock, inputs contained in semi-finished or finished goods…
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Receiving Intimation of ITC Blocked by Tax Official in Electronic Credit Ledger
FAQs Receiving Intimation of ITC Blocked by Tax Official 1. I have received an email message as well as a SMS stating – “Please visit your Credit Ledger to see the amount of credit blocked for utilization by the jurisdictional tax officer.” What does this message indicate? Your Jurisdictional Tax…
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Filing TDS and TCS Credit Received
FAQs About – TDS and TCS Credit Received Statement General 1. What is “TDS and TCS Credit Received” tile? “TDS and TCS Credit Received” tile has been provided at Returns Dashboard, to all the suppliers (normal as well as composition taxpayers), from whom some amount of tax has been deducted…
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