The Central Government has today extended the due date for filing of TRAN-2.
Earlier, the Government had amended the CGST Rules to prescribe that the due date for filing of TRAN-2 is 31st March 2018. However, due to glitches, the Government has now said that FORM TRAN-2 can be filed till 30th June 2018.
An order issued by the CBEC Today said that “on the recommendations of the Council, hereby extends the period for furnishing the statement in FORM GST TRAN-2 under sub-clause (iii) of clause (b) of sub-rule (4) of rule 117 of the Central Goods and Services Tax Rules, 2017 till the 30th day of June, 2018.”
Many dealers who were not registered under the previous regime have to register under GST due to the low turnover limit for GST Registration. These unregistered dealers may have stock of inputs, semi-finished goods or finished goods as on 1st July 2017 when GST came into force. These taxpayers must have also paid Tax under the previous regime on these purchases. The dealers who do not have bills/invoices for the tax paid on the inputs must file TRAN-2.
