TRAN 2 Archive

How to Claim transitional credit of Service Tax, Excise & VAT into GST via TRAN-1 and TRAN-2 forms

Dear Readers, Transitioning into GST from the earlier tax regime is an activity necessary for all existing business. This transitioning is very important considering stakes involved in the same. Credit of most of taxes paid in old regime is available as GST-ITC in the new regime. Careful assessment of stocks is necessary in order to …