An Overview of TRAN-1 Form

I. With shifting to GST regime from existing law, fear of business people is how to avail credit of taxes and duties paid under existing law in GST regime in a has see free manner. Most of the businesses have paid taxes on goods and services. Inputs of those taxes are to be carried to GST regime so that tax benefit of those credits and taxes won't be lost. In relation of this, CBEC has issued 2 fo…