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Avail One-time Opportunity to claim missed out Transitional Credit in GST

GST Law contains detailed provisions to carry forward the input tax credit earned by the GST Registered Persons [“Registered Person”] during the period before 1st of July, 2017. Such credit [left out credits] was to be carried forward/claimed in GST Forms Tran-1 and Tran-2 [T1 and T2] to be filled on GST portal ‘before 27.12.2017’. For those GST Registered Persons who could not carry forward/claim left out credit or who could not correctly carry forward/claim left out credits have been granted a one-time opportunity under the orders of honorable Supreme Court of India.

Source Taxguru

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