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GST input tax credit form to be available from today

Taxpayers will, however, have to pay taxes by August 20 on the portal of the GST Network

Press Trust of India  |  New Delhi 

Centre, states will pay GSTN costs
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tax portal is likely to offer from tomorrow forms to claim the credit on made before the rollout of which the have to file by August 28, a government official said today.

As return forms did not have a column for claiming transitional input credit, the government yesterday gave some breather to such by giving them an extra week until August 28 to file returns.


These will, however, have to pay taxes by August 20 on the portal of the Network (GSTN)- the provider for the new indirect tax regime.

While GSTR 3B is the form for filing return, TRANS I is the form in which the businesses will have to give the details of credit that they are claiming for payment of taxes before the rollout of

"The transitional form is almost ready and we are working to upload it by tomorrow so that businesses can start filing TRANS I," a senior revenue department official said.

Yesterday, the finance ministry had said the TRANS I form will be available on the website from August 21.

Giving relaxation to the businesses that need to claim transitional input tax credit, the ministry yesterday allowed them to deposit taxes on the basis of self-assessment by August 20 but gave them one more week until August 28 to file return.

The who do not claim any transitional input tax credit will have to necessarily pay tax and file return in Form 3B before the due date of August 20.

Over 71.30 lakh excise, service tax, and payers have migrated to the portal. Also, 15 lakh fresh registrations have happened on the portal.

For an easy compliance, the Council has allowed businesses to initially file their returns on self-assessment basis in the first two months of the rollout.

So, returns for July and August will be filed on portal by filling Return filing commenced on August 5.

First Published: Sat, August 19 2017. 00:15 IST
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