Download GST TRAN 1 Return Template In Excel

GST TRAN-1 Return form is use to claim credit of input of taxes (VAT, Excise) paid under the pre-GST regime issued by the Central Board of Excise and Customs.

We all are worried about the input credit of taxes that we already paid while purchasing, inputs, raw materials, semi-finished goods, under the old regime. These taxes are available as input credit on 30th July each year.

CBEC has released 2 transition forms GST TRAN-1 and GST TRAN-2, to help the businesses to carry forward their input tax credit.

We have create an Excel Template for the GST TRAN-1 form to simplify the filing of return. This form can be filled online on GSTN Portal.

Contents of GST TRAN-1 form Excel Template

This form GST TRAN-1 includes a total of 12 points which are explained below:

1. GSTIN: GSTIN number of yours is auto-populate.

2. Legal Name of Register Person: Your register legal name in full. Auto populate.

3. Trade Name: Name of the company if you are using any Trade Name.

4. Confirm that you have submitted All the returns required under existing law for past 6 months: Here you need to select Yes or No from the drop-down list.

5. Amount of tax credit carry forward in return filed under existing laws:

6. Details of capital goods for which un-availed credit has not been carry forward under existing law (section140 (2)).

(a)Hence, Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a)

(b) Therefore, Amount of vat and entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST

7. Furthermore, Details of the inputs held in stock in terms of sections 140(3), 140(4)(b) and 140(6).

(a) Moreover, Amount of duties and taxes on inputs claimed as credit excluding the credit claimed under Table 5(a)

(b)So, Amount of vat and entry Tax paid on inputs supported by invoices/documents evidencing payment of tax carried forward to electronic credit ledger as SGST/UTGST

(c) Also, The stock of goods not supported by invoices/documents evidencing payment of tax (credit in terms of rule 1 (4)) (To be there only in States having VAT at a single point)

8. So, Details of transfer of cenvat credit for registered person having centralized registration under existing law (Section 140(8))

9. Moreover, Details of goods sent to job-worker and held in his stock on behalf of principal under section 141

(a) Also, Details of goods sent as principal to the job worker under section 141

(b) Details of goods held in stock as a job worker on behalf of the principal under section 141

10. Details of goods held in stock as an agent on behalf of the principal under section 142 (14) of the SGST Act

(a) Details of goods held as an agent on behalf of the principal

(b) Hence, Details of goods held by the agent

11.Also, Details of credit availed in terms of Section 142 (11 (c ))

12. Finally, Details of goods sent on approval basis six months prior to the appointed day (section 142(12))

Download this GST TRAN 1 Return template in Excel Format

Our easy to use editable Excel templates and save your significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download this free Excel Template: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

Click Download Button To Get GST TRAN 1 Return Excel Template

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