{"id":2698,"date":"2018-04-05T05:51:16","date_gmt":"2018-04-05T05:51:16","guid":{"rendered":"http:\/\/www.gsthelplineindia.com\/blog\/?p=2698"},"modified":"2019-05-21T13:09:02","modified_gmt":"2019-05-21T13:09:02","slug":"tran-2-filing-guide","status":"publish","type":"post","link":"https:\/\/www.gsthelplineindia.com\/blog\/2018\/04\/05\/tran-2-filing-guide\/","title":{"rendered":"TRAN 2 Filing Guide, Format, Rules and Due Date under GST"},"content":{"rendered":"

The registration threshold for GST is 20 lakh rupees. Any business with an annual turnover equal or more than this amount must register for GST and pay tax. This also includes those businesses who were not registered under the older (VAT) tax regime because of its high threshold limit.<\/p>\n

Businesses who have migrated from VAT to GST and want to claim a refund for the tax paid on old stock must file TRAN-1 form. However, those businesses who were not registered before GST and do not have bill\/invoices for the tax paid on their old stocks will have to file TRAN-2.<\/p>\n

It is also mandatory to file TRAN-1<\/a> and GSTR-3B<\/a> for a given month before TRAN-2 can be filed.<\/p>\n

When to file TRAN-2?<\/h2>\n

The return is to be filed for every month, up to December 2017, in which old (pre-GST) stock is sold.<\/p>\n

The last date to file TRAN-2 is 30th June 2018<\/strong><\/p>\n

Who has to file TRAN-2?<\/h2>\n

Any business who wants to claim ITC on an old stock but doesn\u2019t have proper bills\/invoices in support of the payment of tax need to file TRAN-2.<\/p>\n

How to file TRAN-2?<\/h2>\n

After you submit TRAN-1 and GSTR-3B for a particular month, you can proceed to file TRAN-2 form<\/a> by following these steps.<\/p>\n

1<\/strong>. Login to your account on GST Portal at https:\/\/services.gst.gov.in\/services\/login<\/a><\/p>\n

2<\/strong>. Click on \u2018Returns\u2019 under \u2018Services\u2019 tab in the top menu.<\/p>\n

Now, click on \u2018Transition Forms\u2019 option to go to transition (TRAN) forms.<\/p>\n

3<\/strong>. Click on second tab (TRAN-2) at the top.<\/p>\n

Now, select the Financial Year and the Month for which you want to file TRAN-2 return, and click on \u2018Search\u2019 button.<\/p>\n

4<\/strong>. A new page will load containing the GSTIN and other details of your business.<\/p>\n

There are two options\/tables, containing some information.<\/p>\n

Table No. 4<\/strong> – \u201cDetails of Inputs held on stock on appointed date in respect of which he is not in possession of any invoice\/ document evidencing payment of tax carried forward to Electronic Credit Ledger\u201d<\/p>\n

Click on Table no. 4 to furnish the details of inputs on stock as on GST implementation date for which invoice\/bills regarding the payment of central tax are not available.<\/p>\n

Note<\/strong>: The details of inputs on stock for which tax invoices are not available must already have been filed in TRAN-1 form<\/a>.<\/p>\n

Once you have the data, add it to the form by clicking on \u2018ADD DETAILS\u2019 button. Click \u2018SAVE\u2019 button when you are done.<\/p>\n

The details to be entered in this form –<\/p>\n