GSTN to Re-open portal for filing transitional credit through Tran 1 and Tran 2 w.e.f 01/10/2022

GSTN to Re-open portal for filing transitional credit through Tran 1 and Tran 2 w.e.f 01/10/2022 The Supreme Court has granted a one-month extension to Goods & Service Tax Network (GSTN) to allow the filing of TRAN-1 & TRAN-2. Earlier, the Supreme Court ordered the GST system to open, to enable taxpayers under the GST regime to claim transitional credit for two months. This came as a significant relief for taxpayers under the GST regime. Supreme Court Orders to Open GST portal to Claim Transitional Credit for Two Months [Read Order] The one-month Extension means the Transitional Credit Window will now be re-opened from 1st October 2022. The Supreme in its Order said that: The time for opening the GST Common Portal is extended for a further period of four weeks from today. It is clarified that all questions of law decided by the respective High Courts concerning Section 140 of the Central Goods and Service Tax Act, 2017 read with the corresponding Rule/Notification or direction are kept open. Application seeking extension of time is accordingly allowed. Click here to read the Order Below is the GSTN Announcement for the same Supreme Court allows 4 weeks extension to open common portal for Tran 1 & Tran 2 03/09/2022 Hon’ble Supreme Court while hearing an application from GSTN, has allowed extension of 4 weeks time to comply with their order dated 22/07/2022 issued in the matter of UOI & Anr. V/s Filco Trade Centre Pvt. Ltd. & Anr. bearing SLP (C) nos. 32709-32710/2018. Accordingly, GSTN would open the common portal for filing transitional credit through Tran 1 and Tran 2 w.e.f 01/10/2022. Thanking You, Team GSTN