Absolute real understanding of transition form in GST live demo in excel

By : CS K. K. Agrawal
The last date of filing of GST Trans Form 1 is 30-9-2017 with to option to file at the earlier date also.

S 140 to to 142 of the CGST Act and SGST Act covers the transition provision.

As per these sections one thing is clear that GST TRANS form can be filled by only those assessee who is registered under GST as an regular assessee.

So any assessee whether registered or not in earlier tax regime can still claim old credit as GST credit if they have opening stock as on 1-7-2017

This video goes into minute detail of TRANS form. Enjoy the video and leave your comments.

Last day of filing of GSTR 3B is extended by 5 days now 25-8-2017

By : CS K. K. Agrawal
Dear All

GOI on it's twitter handle has release a press release whereby it has extended the last day of filing of

GSTR 3B by 5 days.

The reason quoted by the GOI is

1. Request by J and K

2. Flood situation in some States

Real reason might be that GSTN was not able to tsunami of data

Now please enjoy your Sunday.

GST was like giving CA exam failed in very first attempt.


CS K K Agrawal

Link to twitter handle :

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