1. Transitional Provisions and guidance to form filing
Presented by : CA Nikhil Jaju & CA Shrenik Sancheti.
Technical Chairman : CA Umesh Sharma.

2. INDEX Rule Section Transitional arrangement for ITC in following cases
Details to be given in TRAN 1 under Sr. no.
117(1)
140(1)
140(4a)
A Registered person under Excise and Service Tax Act
5 (a)
Details of C, F, H, I forms received ( to )
5 (b)
Details of C, F, H, I forms for amount of ITC Carried forward to ECL as SGST / UTGST
5 (c)
117(2)a
140(2)
Details of Capital Goods for unavailed credit as CGST
6 (a)
Details of Capital Goods for unavailed credit as SGST / UTGST
6 (b)
117(2)b and c
140(3) (4b) (5) (6) (8)
Amount of Duty / taxes claimed as ITC excluding the ITC claimed under 5 (a)
7 (a)
117(4)
Proviso 140(3)
A registered person who was not registered under the existing law be allowed to avail credit of inputs of which he is not in possession of any document evidencing payment of central excise duty.
TRAN 2 and TRAN 1 – part 7B of Serial no. 7a.
117(2)c
140(5)
(b) Amount of eligible duties and taxes/VAT/[ET] in respect of inputs or input services.
7 (b)
117(2)b
140(3) (4b) (6)
Amount of VAT and ET paid on inputs supported by invoices/documents evidencing payment of tax C/F to ECL as SGST/UTGST
7 (c)
Stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 117 (4))
(To be there only in States having VAT at single point
7 (d)
117(3) -
The amount of credit specified in GST TRAN-1 shall be credited to ECL of the applicant maintained in GST PMT-2
140(8)
Details of transfer of Cenvat credit for registered person having centralized registration. 8
119
141 of CGST and 142(14) of SGST
Details of goods sent to job-worker and held in his stock on behalf of principal or agent.
9 and 10
118
142(11)(c)
Details of credit availed 11
120
142(12)
Details of goods sent on approval basis six months prior to the appointed day 12

3. Rule
Section
Transitional arrangement for ITC in following cases
Details to be given in TRAN 2 under Sr. no.
117(4)
Proviso 140(3)
Details of inputs held on stock on appointment date in respect of which he is not in possession of any invoice/document evidencing payment of tax carried forward to ECL 4
Credit on State Tax on the stock mentioned in 4 above (To be there only in States having VAT at single point) 5

4. Migration Of Existing Tax Payers – u/S 139
Every registered person under any of the existing laws with valid PAN shall be issued a provisional registration certificate (PRC).
PRC will be valid for 6 months or such extended period .
The Final Certificate of registration shall be granted in such form and manner as may be prescribed .

5. Transitional Arrangement for Excise dealer – 140 (1)
A registered person shall be entitled to take in his ECL , the amount of CENVAT credit carried forward in the return relating to the period ending with the date immediately preceding the appointed day , furnished by him under the existing law.
Not be allowed to take credit
if Credit not admissible as ITC under this act or
Not furnished all returns under Existing Law for the period of 6 months
Credit relates to goods manufactured and cleared under such exemption notification as are notified by the government. .

6. Rule 117(1) - Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day
Every registered person entitled to take credit of input tax under section 140 shall,
within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1
extend the period of ninety days

7. under existing law (Central Excise and Service Tax)
  5(a) Amount of Cenvat credit carried forward to electronic credit ledger as central tax (Section 140(1) and Section 140(4)(a))
Sl. no.
Registration no.
under existing law (Central Excise and Service Tax)
Tax period to which the
last return filed under the existing law pertains
Date of filing
of the return specified in Column no. 3
Balance Cenvat credit carried
forward in the said last return
Cenvat Credit admissible
as ITC of central tax in accordance with transitional provisions 1 2 3 4 5 6
Total

8. Period: 1st Apr 2015 to 30th June 2017
5 (b) Details of statutory forms received for which credit is being carried forward
Period: 1st Apr 2015 to 30th June 2017
TIN of Issuer
Name of Issuer
Sr. No. of Form
Amount
Applicable VAT
Rate
C-Form
Total
F-Form
H/I-Form

9. 5 (c). Amount of tax credit carried forward to electronic
credit ledger as State/UT Tax
(For all registrations on the same PAN and in the same
State)
Registration No. in existing law
Balance of ITC of VAT and [Entry Tax] in last return
C Forms
F Forms
ITC reversal relatable to [(3) and] (5)
H/I Forms
Transition ITC 2- ( )
Turnover for which forms Pending
Difference
tax payable on (3)
Tax payable on (5)
Turnover
for which forms Pending
Tax payable on (7) 1 2 3 4 5 6 7 8 9 10

10. Unavailed CENVAT Credit on Capital goods – 140 (2)
A registered taxable person, other than composition dealer, shall be eligible to take the credit
In the electronic credit ledger
Even if Not Carried Forward In A Return
Unavailed Credit = (Total eligible credit – credit availed) under the earlier law
Such credits must be eligible under the earlier law AND under GST law

11. Rule 117(2)(a)
Specify separately the following particulars in respect of every item of capital goods as on the appointed day- (i) availed or utilized (ii) yet to be availed or utilized

12.   6(a) Amount of unavailed cenvat credit in respect of capital goods carried forward to electronic credit ledger as central tax
Sr. no
Invoice /
Document no.
Invoice /
document
Date
Supplier’s
registration no. under existing law
Recipients’
Details of capital goods
on which credit has been partially availed
Total eligible
cenvat credit under existing
law
Total cenvat
credit availed under existing law
Total cenvat credit
unavailed under existing law (admissible as ITC of central tax) (9-10)
Value
Duties and
taxes paid
ED/
CVD
SAD 1 2 3 4 5 6 7 8 9 10 11
Total

13.   6(b) Amount of unavailed ITC carried forward to electronic credit ledger as State/UT tax (For all registrations on the same PAN and in the same State)
Sr. no
Invoice /
Document no.
document
Date
Supplier’s
registration no.
under existing law
Recipients’
registration no. under existing law
Details regarding capital goods
on which credit is not availed
Total eligible
VAT [and ET] credit under existing
law
Total VAT [and ET]
credit availed under existing law
Total VAT [and ET] credit
unavailed under existing law (admissible as ITC of State/UT tax) (8-9)
Value
Taxes paid VAT
[and ET] 1 2 3 4 5 6 7 8 9 10
Total

14. Credit of eligible duties and taxes on input held in stock – 140(3)
Person eligible for ITC
Not liable to be registered under the earlier law
Engaged in manufacture/ sale of exempted goods / provision of exempted services
Person providing works contract service and availing abatement under notification no. 26/2012
First / Second stage dealer, importer
Credit available on
Inputs held in stock, semi-finished goods or finished goods held in stock as on appointed day
Such credit can be taken in the electronic credit ledger.

15. Credit of eligible duties and taxes on input held in stock
CONDITIONS
PROVIDED THAT
Inputs/goods are used or intended to
be used for making taxable supplies
Eligible For ITC Under This Act.
Registered Person should be in
possession of invoice or other
prescribed document.
Invoice or other document should be
within 12 months from the appointed
day.
Supplier of Services Not Eligible for
abatement under this act.
Registered Person (Only for Traders)
Not in Possession of Invoice/any other
documents Evidencing payment of duty
Taxable person shall pass on benefit of
such credit by way of reduced price to
recipient, be allowed to take credit at
such rate and in such manner as
prescribed.
(Covered in Rule 117(4) – TRAN 2)
GST rate
Credit of
> 18 %
60 %
< 18 %
40 %

16. A registered person is Engaged In Manufacture Of Taxable as well as Exempted Goods – 140(4)
Liable to pay tax under this Act , entitled to take in his : -
CENVAT credit carried forward in return under existing law
&.
CENVAT Credit of eligible duties in respect of input held in stock and input
contained in semi-finished & finished goods.
Section 140 (5) – In Transit
A registered person shall be entitled to take in his ECL, credit of eligible duties & taxes of input or input service received on or after the appointed day but duty of tax has been paid by the supplier under the existing law such shall be recorded in the books of account within the period of 30 days from the appointed day.

17. Paying tax at a fixed rate or paying a fixed amount Section 140(6)
Credit available on
Conditions
In his electronic credit ledger, credit of eligible duties in respect of inputs held in stock and inputs contained in semi finished or finished goods held in stock on the appointed date .
Inputs/goods are used or intended
to be used for making taxable
supplies.
Eligible For ITC Under This Act.
Registered Person should be in
possession of invoice or other
prescribed document.
Invoice or other document should be
within 12 months from the
appointed day.
Is not paying tax under Sec.10

18. 117(2)b and c
(b) in the case of a claim under section 140(3) (4b) (6) (8), specify separately the details of stock held on the appointed day;
(c) in the case of a claim under section 140(5), furnish the following details, namely:—

19. 7(a) Amount of duties and taxes on inputs claimed as credit
excluding the credit claimed
(under sections 140(3), 140(4)(b) and 140(6))
Sr. no.
Details of inputs held in stock or inputs contained in semi-finished or finished goods held in stock
HSN (at 6 digit level)
Unit
Qty.
Value
Eligible Duties paid on such inputs 1 2 3 4 5 6
7A Where duty paid invoices are available
Inputs
Inputs contained in semi-finished and finished goods

20. 7B Where duty paid invoices are not available (Applicable only for person other than manufacturer or service provider) – Credit in terms of Rule 117 (4)
Inputs
  Unit
HSN (at 6 digit level)
Sr. no.
Qty.
Value
Eligible Duties paid on such inputs

21. Proviso 140(3) A registered person who was not registered under the existing law be allowed to avail credit of inputs of which he is not in possession of any document evidencing payment of central excise duty.

22. 4 Details of inputs held on stock on appointment date in respect of which he is not in possession of any invoice/document evidencing payment of tax carried forward to Electronic Credit ledger.
Opening stock for the tax period
Outward supply made
Closing balance
HSN (at 6 digit level)
Unit
Qty.
Qty
Value
Central
Tax
Integrated
ITC
allowed
QtY 1 2 3 4 5 6 7 8 9

23. 7(b) Amount of eligible duties and taxes/VAT/[ET] in respect of inputs or input services. – 140(5)
Name of the
supplier
Invoice
number
Invoice date
Description
Quantity
UQC
Value
Eligible
duties and taxes
VAT/[ET]
Date on which
entered in recipients books of account 1 2 3 4 5 6 7 8 9 10

24. Details of inputs in stock
7(c) Amount of VAT and ET paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST under sections 140(3), 140(4)(b) & 140(6)
Details of inputs in stock
Total input tax credit
claimed under earlier law
Total input tax credit related
to exempt sales not claimed under earlier law
Total Input tax credit
admissible as
SGST/UTGST
Description
Unit
Qty
Value
VAT [and Entry Tax] paid 1 2 3 4 5 6 7 8
Inputs
Inputs contained in semi-finished and finished goods

25. 7 (d) Stock of goods not supported by invoices/
documents evidencing payment of tax (credit in terms
of rule 117 (4))
(To be there only in States having VAT at single point)
Details of inputs in stock
Description
Unit
Qty
Value
Tax paid 1 2 3 4 5

26. 117 (3) The amount of credit specified in the application in FORM GST TRAN-1 shall be credited to the electronic credit ledger of the applicant maintained in FORM GST PMT-2 on the common portal.

27. 8. Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))
Sl. No.
Registration no.
under existing law (Centralized)
Tax period to
which the last return filed under the existing law pertains
Date of filing of
the return specified in Column no. 3
Balance eligible
cenvat credit carried forward in the said last
return
GSTIN of receivers
(same PAN) of ITC of
CENTRAL TAX
Distribution documen
/invoice
ITC of CENTRAL
TAX transferred
No.
Date 1 2 3 4 5 6 7 8 9

28. Details of goods sent to job-worker and held in his stock
141 of CGST and 142(14) of SGST
Details of goods sent to job-worker and held in his stock
on behalf of principal or agent.
Rules 119
Declaration of stock held by a principal and agent. - Every person to whom the provisions of section 141 apply shall, within ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1, specifying therein, the stock of the inputs, semi-finished goods or finished goods, as applicable, held by him on the appointed day.

29. 9 a. Details of goods sent as principal to the job worker
under section 141
Sr.
No.
Challan
date
Type of goods
(inputs/ semi-finished/
finished)
Details of goods with job- worker
HSN
Description
Unit
Quantity
Value 1 2 3 4 5 6 7 8 9
GSTIN of Job Worker, if available
Total

30. 9b. Details of goods held in stock as job worker on
behalf of the principal under section 141
Sr. No.
Challan
No.
Date
Type of goods
(inputs/ semi-finished/
finished)
Details of goods with job- worker
HSN
Description
Unit
Quantity
Value 1 2 3 4 5 6 7 8 9
GSTIN of Manufacturer
Total

31. 10.a. Details of goods held in stock as agent on behalf of
the principal under section 142 (14) of the SGST Act.
Details of goods held as agent on behalf of the principal
Sr.
No.
GSTIN of Principal
Details of goods with Agent
Description
Unit
Quantity
Value
Input Tax to be taken 1 2 3 4 5 6 7

32. b. Details of goods held by the agent
Sr.
No.
GSTIN of Principal
Details of goods with Agent
Description
Unit
Quantity
Value
Input Tax to be taken 1 2 3 4 5 6 7

33. Rules 118.
Declaration to be made under clause (c) of sub-section (11) of section Every person to whom the provision of clause (c) of sub-section (11) of section 142 applies, shall within a period of ninety days of the appointed day, submit a declaration electronically in FORM GST TRAN-1 furnishing the proportion of supply on which Value Added Tax or service tax has been paid before the appointed day but the supply is made after the appointed day, and the Input Tax Credit admissible thereon.

34. 11. Details of credit availed in terms of Section 142 (11 (c))
Sr. no.
Registration No of
VAT
Service Tax
Registration No.
Invoice
/docu
ment no.
Invoice/
document date
Tax Paid
VAT paid Taken as SGST Credit or
Service Tax paid as Central Tax
Credit 1 2 3 4 5 6 7
Total

35. Rules 120.
Details of goods sent on approval basis.- Every person having sent goods on approval under the existing law and to whom sub-section (12) of section 142 applies shall, within ninety days of the appointed day, submit details of such goods sent on approval in FORM GST TRAN-1.

36. Details of goods sent on approval basis six months prior to the appointed day (section 142(12)) Sr
No.
Document
no.
date
GSTIN no. of
recipient, (if applicable
Name & addres
of recipient
Details of goods sent on approval basis
HSN
Description
Unit
Quantity
Value 1 2 3 4 5 6 7 8 9 10
Total

37. 117(4)(b) – TRAN 2 - Conditions
(b) The credit of central tax shall be availed subject to following conditions :-
(i) such goods were not unconditionally exempt from the whole of the duty of excise specified in the First Schedule to the Central Excise Tariff Act, 1985 or were not nil rated in the said Schedule;
(ii) the document for procurement of such goods is available.
 (iii) the registered person availing of this scheme and having furnished the details of stock held by him in accordance with the provisions of clause (b) of sub-rule (2), submits a statement in FORM GST TRAN 2 at the end of each of the six tax periods during which the scheme is in operation indicating therein, the details of supplies of such goods effected during the tax period;
(iv) the amount of credit allowed shall be credited to the ECL of the applicant maintained in FORM GST PMT-2 on the common portal; and
(v) the stock of goods on which the credit is availed is so stored that it can be easily identified by the registered person.

38. TRAN 2
Details of inputs held on stock on appointment date in respect of which he is not in
possession of any invoice/document evidencing payment of tax carried forward
to Electronic Credit ledger.
Opening stock for the tax period
Outward supply made
Closing balance
HSN (at 6 digit level)
Unit
Qty.
Qty
Value
Central
Tax
Integrated
ITC
allowed 1 2 3 4 5 6 7 8 9

39. 5. Credit on State Tax on the stock mentioned in 4 above (To be there only in States having VAT at single point)
Opening stock for the tax period
Outward supply made
Closing balance
HSN (at 6 digit level)
Unit
Qty.
Qty
Value
State Tax
Integrate d tax
ITC
allowed 1 2 3 4 5 6 7 8 9

40. Thank You !!