Form to claim past credit under GST expected from today

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GST tax portal is likely to offer from on Saturday forms to claim credit on sales made before the rollout of GST which the taxpayers have to file by August 28, a government official said on Friday. As GST return forms did not have a column for claiming transitional input credit, the Government on Thursday gave some breather to such taxpayers by giving them an extra week till August 28 to file returns.

These taxpayers will, however, have to pay taxes by August 20 on the portal of the GST Network (GSTN)- the IT infrastructure provider for the new indirect tax regime. While GSTR 3B is the form for filing GST return, TRANS I is the form in which the businesses will have to give the details of credit that they are claiming for payment of taxes before the rollout of GST. 

Daily Pioneer
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