- Year of Publication: 2022
- ISBN: 0
Episode Duration:
110 minutes
Episode Background:
Based on the directives of the Hon’ble Supreme Court of India in the case of UOI vs M/s. Filco Trade Center Pvt. Ltd. [TS-369-SC-2022-GST], the CBIC has issued detailed guidelines prescribing the procedure for transfer of any missed out past credits under the Central Excise, Service Tax, VAT laws into the GST regime.
Further, the Goods & Service Tax Network (GSTN) has re-opened the TRAN Forms onto the common portal enabling the taxpayers to claim the transitional input tax credit. This facility for filing the TRAN 1 or TRAN 2 or TRAN 3 is now available for the aggrieved taxpayers w.e.f, 01.10.2022 to 30.11.2022.
What shall the episode cover?
Against this backdrop, Taxsutra in association with Hiregange Academy is delighted to present to you an episode on “Final Opportunity to Transit Past Credits into GST - Transition 2.0". In this episode, Chartered Accountant Mr. Madhukar N. Hiregange [Founding Partner] provided his expert take on the subject and his team of Partners - Mr. Anil Bezwada, Mr. Ashish Chaudhary & Mr. Ravi Kumar Somani from Hiregange & Associates LLP has taken participants through a detailed deliberation and insightful analysis on the re-opening of TRAN forms.
Coverage Points:
- Analysis of Hon’ble Apex Court directions and the CBIC guidelines
- Discussion on the eligibility of transition in various situations (Covering around 40 different scenarios)
- Discussion on the preparedness and readiness of the taxpayers - Key immediate actions to be taken by the taxpayers
- Quick walkthrough of filing the Forms on the Common Portal
- Q & A
Key Take-Aways:
- Understanding the Directions of Hon’ble Apex Court and the guidelines of CBIC
- Various practical business scenarios in which transition is to be considered
- Handling workings, documentation and adjudication in the course of transition
- Key Immediate Actions Points to be taken including preparedness needed
- Understanding the forms to be filed on the Common Portal
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
Similar Books
Ratings and Reviews
Overall Rating
- Year of Publication: 2022
- ISBN: 0
Episode Duration:
110 minutes
Episode Background:
Based on the directives of the Hon’ble Supreme Court of India in the case of UOI vs M/s. Filco Trade Center Pvt. Ltd. [TS-369-SC-2022-GST], the CBIC has issued detailed guidelines prescribing the procedure for transfer of any missed out past credits under the Central Excise, Service Tax, VAT laws into the GST regime.
Further, the Goods & Service Tax Network (GSTN) has re-opened the TRAN Forms onto the common portal enabling the taxpayers to claim the transitional input tax credit. This facility for filing the TRAN 1 or TRAN 2 or TRAN 3 is now available for the aggrieved taxpayers w.e.f, 01.10.2022 to 30.11.2022.
What shall the episode cover?
Against this backdrop, Taxsutra in association with Hiregange Academy is delighted to present to you an episode on “Final Opportunity to Transit Past Credits into GST - Transition 2.0". In this episode, Chartered Accountant Mr. Madhukar N. Hiregange [Founding Partner] provided his expert take on the subject and his team of Partners - Mr. Anil Bezwada, Mr. Ashish Chaudhary & Mr. Ravi Kumar Somani from Hiregange & Associates LLP has taken participants through a detailed deliberation and insightful analysis on the re-opening of TRAN forms.
Coverage Points:
- Analysis of Hon’ble Apex Court directions and the CBIC guidelines
- Discussion on the eligibility of transition in various situations (Covering around 40 different scenarios)
- Discussion on the preparedness and readiness of the taxpayers - Key immediate actions to be taken by the taxpayers
- Quick walkthrough of filing the Forms on the Common Portal
- Q & A
Key Take-Aways:
- Understanding the Directions of Hon’ble Apex Court and the guidelines of CBIC
- Various practical business scenarios in which transition is to be considered
- Handling workings, documentation and adjudication in the course of transition
- Key Immediate Actions Points to be taken including preparedness needed
- Understanding the forms to be filed on the Common Portal
Taxsutra is considered the most credible source of tax news in the tax fraternity. What started as a fledgling start-up has now become a leading brand in the tax world not only in India, but across the globe. Taxsutra's diverse customer set includes Fortune 500 Companies, large Indian Business Groups, Global Conglomerates, Tax Judges, IRS Officers, CBDT, Tax Lawyers & thousands of tax practitioners.
Taxsutra suite of portals :
1. Real time tax news & analysis for Corporate Tax (www.taxsutra.com/dt)
2. Transfer Pricing Portal (www.taxsutra.com/tp)
3. GST and Central Indirect Taxes Portals (www.taxsutra.com/gst - www.idt.taxsutra.com)
4. "Taxsutra Database" - Powerful Online Direct Tax Reference and Search Tool (www.database.taxsutra.com)
5. LawStreetIndia (LSI) (www.lawstreetindia.com) contains sub-modules on Company law, Securities law (SEBI/SAT), FEMA, IP laws & Competition Law
6. Taxsutra Accounting Standards portal (Ind-AS) (www.greentick.taxsutra.com)
