Transitional Provisions & its Summary - GST Ready Reckoner - GST

..... e into force. (This date would be the commencement of the GST Law.) Summary of the Transitional Provisions The following table provides a bird s eye view of the statutory provisions dealing with transition from existing laws to the GST Laws. Section Situation Provisions 139 Registrations Existing registrations will be automatically migrated provisionally. 140(1) CENVAT Balance .....

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Transitional Provisions & its Summary - GST Ready Reckoner - GST

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..... 140(8) Centralised Registration Carry forward of credit in case of centralised registration of service providers 140(9) Recredit Credit already reversed on account of non payment to vendors will be available for recredit if paid within 3 months 142(1) Goods Returns From registered dealers independent supply From unregistered dealers claim refund under earlier l .....

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Transitional Provisions & its Summary - GST Ready Reckoner - GST

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..... 142(10) Ongoing Contracts Supplies after appointed date taxable under current law 142(11) Advances If tax paid under earlier law, no tax payable under current law 142(12) Goods on Approval No tax if returned within 6 months 142(13) TDS on works contract under existing laws. Not liable if payment made after appointed date .....

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Transitional Provisions & its Summary - GST Ready Reckoner - GST

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