Prequisite: TRAN-2 can be filed only if TRAN-1 and GSTR-3B of the relevant tax period is filed.
Step- 1 Navigate to the TRAN-2 page of the desired tax period after logging in, Select < Financial Year> and < Month>
Step- 2 Table-4 of TRAN-2 would be enabled if records were declared in Table-7(a) (7B) of TRAN-1 and Table-5 would be enabled if records were declared in Table-7(d) of TRAN-1.
Step- 3 Enter details of opening stock in Table-4 and Table-5 as declared in TRAN-1. Please ensure that all the HSN/goods are declared in TRAN-2, in the opening balance in the month of July 2017, irrespective of the fact that these have been sold or not in the first i.e. July 2017 tax period.
Step-4 Declare the details of sold goods from such stock in the first tax period and the Central/State and integrated tax paid on those goods and compute the ITC allowed and state this value in the applicable tables. ITC allowed should be less than or equal to (=) 60% of Central Tax or 30% of Integrated Tax.
Step-5 While filing TRAN-2 of subsequent tax periods, the tax payer has to only declare the details of goods supplied/sold and the tax paid and ITC allowed. The opening stock gets auto-populated from the earlier tax period closing stock. And the closing sock is auto computed from the opening stock and the supplied quantity in the tax period.
Step-6 Save after entering each record in tables of TRAN-2.
Step-7 After entering all the records click “Preview” to download the pdf with draft summary values of TRAN-2. Verify the correctness of the entered data. If satisfied click “Submit” to freeze your declaration. Please verify thoroughly before submitting.
Step-8 Download the summary of your submitted TRAN-2 for your record by clicking on “Preview” again.
Step-9 Click on file with DSC or EVC and select the authorized signatory to file TRAN-2 for the tax period.
Step-10 After successful filing the message and email with the ARN number will be sent to the taxpayer.
Step-11 The claimed ITC of central and state tax would be reflected in the ITC ledger of the taxpayer after filing of TRAN-2. It has to be noted that the ledger entries get posted after filing of TRAN-2 and not “Submit” (as is/was the case in TRAN-1)