GST Clarification:
1. Form GSTR-3B once filed cannot be revised.
2. Transitional credit shall be available on filing of FORM GST TRAN-1 only. Since, last date of filing FORM GST TRAN-1 is 30.09.2017, transitional credit can be availed in subsequent months also.
3. Deemed credit would be available only after filing FORM GST TRAN-II, which can be filed only after making payment of tax against the supply for which deemed credit is to be availed. Therefore, credit through FORM GST TRAN-II will be available on tax periods subsequent to the tax period in which payment for such supply has been made.