Form GST TRAN-3 is a statement in which the details of Credit Transfer Document (CTD) such as No. of CTDS issued, the value of CTD, excise duty paid on such goods and ITC availed on basis of CTD needs to be furnished. To know more about CTD.

The Form GST TRAN-3 needs to be filed by a manufacturer who has issued CTD to dealers and dealers who have received Credit Transfer Document (CTD) issued by manufacturers. Transition Form GST TRAN-3 has to be filed by you within 60 days of the appointed day. However, the same can be filed till 31st October, 2017.

So now, what is the relevance of GST TRAN-3 and GST TRAN-1? Do I need to file both TRAN-3 and TRAN-1?

What is the relevance of GST TRAN-3 and GST TRAN-1?

GST TRAN-3 will just act as a document evidencing the excise duty payment. As a result, just by filing GST TRAN-3, the transitional credit will not be credited to your e-credit ledger. On the other hand, all claims towards transitional credit is required to be filed in GST TRAN-1, on the basis of which the credit will be made available in your e-credit ledger.

Do I Need to File Both TRAN-3 and TRAN-1?

Yes, a dealer availing transitional credit on the basis of CTD, has to first submit the details in Form GST TRAN-3 and make a claim in Form GST TRAN-1. The details of ITC claim needs to be submitted in table 7A of GST TRAN-1. To know the details required to be furnished, please read our blog ‘How to File GST TRAN-1 Part -3’

GST TRAN-3 Format

The summary details of CTD issued/received at GSTIN level needs to be reported, such that the recipient of such CTDs can claim the credit based on the CTD document evidencing payment of duty and taxes issued by the registered person. The format of GST TRAN-3 is shown below:

The columns of Form GST TRAN-3 are self-explanatory which are required to be filed manually in the GST portal. In our upcoming blog, we will discuss about the details required to be furnished in GST TRAN-3.