CBIC has recently issued Notification No. 02/2020 – Central Tax dated 1st January, 2020 regarding the amending of the CGST Rules regarding the transitional credit.

Highlights of the changes are:

Commissioner may, on the recommendations of the Council, can extend the date for submitting FORM GST TRAN-1. Last date has been extended from 31 December, 2019 to 31 March, 2020.

Similarly, the last date for filing Form TRAN -2 in above cases stands extended from 31 January, 2020 to 31 March, 2020.