Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases.

Circular No. ES/372/ 2018-19                                                                    February 5, 2019 

To: Members of the Council

Sub: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases.

Dear Member,

You may be aware, Form GST TRAN-1 should be filed by every person having Input Tax Credit (ITC) on closing stock and migrated to GST from VAT, Service Tax, or Central Excise. The balance of closing stock held by a business as on 1st July, 2017 has to be disclosed in TRAN-1 to claim ITC on the old stock in the GST regime.

Now, CBIC has issued Order No. 01/2019- GST dated 31st January, 2019 extending the due date till 31st March, 2019 for submitting the declaration in FORM GST TRAN-1 for registered persons who could not submit the said declaration by the earlier due date i.e. 31st January, 2019 on account of technical difficulties on the common portal and whose cases have been recommended by the Council.

Members please make a note of the above.

Thanking you,

Yours faithfully,

S.BALARAJU
EXECUTIVE DIRECTOR