Form TRAN-1 is available on GSTN portal and ready for filing

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Form TRAN-1 is available on GSTN portal and ready for filing. Assessees who are willing to avail transitional credit for discharging the tax liability for the month of July, 2017 has to file this form on or before 28th of August, 2017 & prior to filing GSTR-3B.

However, assessees who are not willing to file GST TRAN -1 before GSTR – 3B of July month has to file GSTR-3B on or before 25th of August, 2017.

Further, in both the cases net tax liability has to be deposited in cash by taxpayer on or before 25th of August, 2017.

Read more at: http://www.cbec.gov.in/resources//htdocs-cbec/press-release/CBEC-Press-Release-dt-19-08-2017.pdf

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