Can Form TRAN-1 still be filed?
Form TRAN-1 cannot still be filed. It was the form for carrying tax paid under the earlier central and state laws into GST, which began on 1 July 2017. TRAN-2 was the companion form for a trader without duty-paying documents. Those windows have closed.
What were the forms?
TRAN-1 declared the credit a registered person was allowed to carry: central excise, service tax, or state VAT, on the conditions the transition sections set, including stock held on the changeover. TRAN-2 was used where a trader claimed a deemed credit because the stock did not have those documents. Neither form is a return for a later year. A percentage of deemed credit from 2017 is not a rate a business can claim now.
What is filed now?
Input tax credit on a purchase under GST is claimed in the return, from the tax invoice. When a business must be registered is on the GST registration page. Mistakes in a live return are on the return page. Waiting for another TRAN-1 date does not preserve a credit the closed form was meant to carry.
Frequently asked questions
Four questions cover an extension, a later business, TRAN-2, and current credit.
Is there an open extension?
No. The statutory dates and the later windows for TRAN-1 and TRAN-2 have closed. This page does not announce a new one.
Can a business that started after July 2017 use TRAN-1?
No. The forms carried credit of tax paid under the earlier laws, on stock held at the changeover. A business that did not exist then has nothing to carry in those forms.
Is TRAN-2 a current return?
No. TRAN-2 was for a trader who claimed a deemed credit on stock without duty-paying documents at the changeover. It is not a monthly return.
Where is input tax credit claimed now?
In the GST return, on the invoices of the current law. Missing a closed transition form does not move that credit into TRAN-1.
Sources
GST began on 1 July 2017. TRAN-1 and TRAN-2 carried certain pre-GST credits into that regime. Those filings are closed.