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GST TRAN – 2 GUIDE


Who 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 is not in possession of invoice or any other documents evidencing payment of duty or tax, needs to declare such stock in Form GST TRAN – 1. Subsequently he is required to file Form GST TRAN – 2, at the end of each six tax period from the appointed date in which such stock is sold and central/state tax is paid by the taxpayer and claim ITC as applicable percentage of the tax paid under GST.
You need to submit the transition Form GST TRAN – 2 to report the details of supplies made in GST Act in respect of stock of inputs not supported by duty paying invoices under existing laws declared in GST TRAN – 1. (refer Rule 117(4) of CGST Rules for details)

What to fill in the transition Form GST TRAN – 2?
You need to fill the details of supplies made on or after the appointed day, in the particular tax period, of the goods held in stock on appointed day in respect of which he is not in possession of any document evidencing payment of central excise duty.

What to do to submit the transition Form GST TRAN – 2?
You need to login to the GST Portal and navigate to Services > Transition Form > TRAN – 2. Fill and submit the form and file by attaching DSC/ EVC.

By when to file the transition Form GST TRAN – 2?
Transition form GST TRAN – 2 has to be filed till 31st March 2018

Can any amendment is possible in the transition Form GST TRAN – 2?
There is no option for revision or amendment of transition Form GST TRAN – 2. Form GST TRAN- 2 can only be filed only once for one tax period.

Is there any need to attach any document along with transition Form GST TRAN – 2?
There is no requirement for uploading any documents as an attachment along with transition Form GST TRAN – 2.

What will happen once the transition Form GST TRAN – 2 is filed?
Once the transition Form GST TRAN – 2 is successfully filed, ARN is generated and transition credit will be credited to the Electronic Credit Ledger of GSTIN mentioned in the form.

Anyone not able to file transition Form GST TRAN – 2. Why?
If you have not filed transition Form GST TRAN – 1, you cannot file Form GST TRAN – 2, without first filing Form GST TRAN – 1.
If you have not filed valid GSTR-3B return for that period, you cannot file Form GST TRAN – 2 for that period for which you have not filed valid GSTR-3B return.

Not able to add any new commodity in Form GST TRAN – 2?
You have to declare the list of all HSN/goods in your Form GST TRAN – 2as opening stock, in the month of July, 2017. Later on you cannot make any changes in it. In subsequent month’s Form GST TRAN – 2 you can only declare the supplies made of the HSNs /goods whose stock has been declared by you in the first filled Form GST TRAN – 2.  Hence, ensure that you declare the complete list of HSN/goods declared in the Form GST TRAN 2 of July, 2017.

Can Form GST TRAN – 2 be filed through offline mode?
Yes, the facility for uploading data after preparing through offline tool for the central tax and state tax tables would be made available soon to the taxpayers.  The steps for the offline upload of data is delineated in the user manual.

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