The Hon’ble Supreme Court of India has provided a one-time opportunity to all the aggrieved taxpayers to file Form TRAN-1/TRAN-2 and claim their transitional input tax credit in the GST system. In compliance of the Hon’ble court’s directive, the facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN-1/TRAN-2 on the GST common portal by aggrieved taxpayers has made available by GSTN from 01.10.2022, and as per the court’s instruction shall be available to all aggrieved taxpayers till 30.11.2022.
The TRAN filing process has been enhanced and the user interface of the portal has been made more intuitive to make it simple and easy for the taxpayer to file their forms TRAN-1/2. For smooth and easy filing of TRAN-1/2, a detailed advisory and a step-by-step, frame-by-frame guide have also been prepared. Please click here for the detailed advisory and help manuals.
Further, read the additional information provided below to get the detailed knowledge of all the important points mentioned therein for an easy return filing experience.
Important Points to keep in Mind
- In compliance of the Supreme Court‟s directive, the TRAN forms are enabled and the default filing status of TRAN forms for all taxpayers is now visible as “Not Filed”. The status “Not Filed” only implies that TRAN forms are not filed in the new window provided by the Hon‟ble court during 01.10.2022 to 30.11.2022.
- It is therefore clarified that those registered persons, who had successfully filed TRAN-1/TRAN-2 earlier, and who do not require to make any revision in the same, are not required to file/ revise TRAN-1/TRAN-2 again during this period from 01.10.2022 to 30.11.2022.
- The option of filing or revising TRAN-1/TRAN-2 on the common portal during the period from 01.10.2022 to 30.11.2022 is a one-time opportunity for the applicant to either file the said forms, if not filed earlier, or to revise the forms filed earlier.
- Input Tax Credit shall reflect in the Credit ledger of the taxpayer post verification by the jurisdictional tax-officer.
Process to file TRAN-1/TRAN-2 Forms
Step 1 : Visit the GST Home Page through this link www.gst.gov.in
Step 2 : Login to the GST Portal with valid credential
Step 3 : From the GST Portal Homepage, Select the option of “Services”.
Step 4 : Choose the “Return” option and from there, choose the “Transition Forms”
And that is how in four simple steps, you can file TRAN-1/TRAN-2
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That was the latest update direct from the GST Portal which you can also check from the original site. The Link is given here https://www.gst.gov.in/newsandupdates/read/556
To know more about form TRAN 1 and TRAN 2, click on the link below.
For TRAN 1 : https://tutorial.gst.gov.in/downloads/news/tran1manual_final_30_09_2022.pdf
For TRAN 2 : https://tutorial.gst.gov.in/downloads/news/tran2manual_final_30_09_2022.pdf
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