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Saudi Arabia imposes temporary visa ban on 14 countries, including PakistanUK protests against Israel detaining two British lawmakersGovt to set up dedicated startup India desk for budding entrepreneursDelhi Govt takes stern action against steep fee hike by private schoolsUK MP Dan Norris arrested for alleged child sex offencesIndian-American country judge nabbed on money-laundering chargesAustralia pledges 2.3 bn Australian dollar to enable households buy solar batteriesIndia, Lanka sign MoU on defence cooperationCX - Mere interconnection under Income Tax law does not establish a related party transaction under Central Excise law, thereby invalidating department's demand for duty at 110% of production cost: CESTATOwaisi moves SC against Waqf Amendment ActNo TDS to be deducted u/s 194EE on payments u/s 80CCAST - Removal of smart cards for pairing with set-top boxes (STBs) constituted job work under Rule 4(5)(a) of CCR, 2004 and thus, reversal of CENVAT credit is not required: CESTATCBIC issues AGT orders of 229 Jcs / ADCs + 308 ACs / DCs + 177 Pr Commissioners / Commissioners + 12 Pr CCs & CCsST - Activity of serving as intermediary between foreign entities & Indian customers, qualifies as export of services; commissions earned by assessee will not attract Service Tax levy: CESTATKessler Syndrome: Over 1200 objects of space debris banged into earth in 2024CX - Valuation - Specifications meant for guidance purposes per se differ from detailed engineering drawings; only the latter is to be included in assessable value: CESTATTrump grants another 75-day to TikTok to find Chinese buyerEU fears Trump beer tariffs may cost one lakh jobsTrump tosses out National Security Agency DirectorBudget Session of Parliament adjourns sine-die; 16 Bills passedHamas says Israeli offensive in Gaza is fatal for hostagesEuropean Commission votes to freeze existing sustainability rules to compete with China and USParliament passes Protection of Interest in Aircraft Objects Bill, 2025US economy adds 2.28 lakh jobs in March monthI-T - Provisions of section 50C are equally applicable to asset forming block of asset as well: ITATChina retaliates; imposes 34% tariffs on American goods

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GST Let Down by GSTN


Error in Trans-1 and its omission

Dear Sir,
Trans-1 is for availing credit for Transition Period, i.e., credit related to period prior to 30/06/2017. Following situations are not covered under this one:
Under Service Tax, reverse charge was applicable on various services i.e., Goods Transport Agency, Legal Services, and Ocean freight on which receiver of services pay service tax on reverse charge basis. There are other error and omissions under which service tax liability is discharged after 30/06/2017. In all such situations credit were taken based on TR6 which is a valid document for availing credit. The liability for June 2017 is discharge in July 2017, which cannot be entered in the Trans-1 form as date after 30/06/2017 is not eligible to submit in system.
There is Rule that Commissioner can allow credit for those not accounted for in the month of July, for example an assesses found that there is mistake in calculations and deposited Service tax and discharged liability as per act in the month of Aug. 2017 and accounted for in books of accounts for which he is eligible for credit, but this situation is also not covered under Trans-1,

SATYA PRAKASH SINGH 08/09/2017

 

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