TMI BlogTransitional Credit - carry forward/transition of CENVAT and VAT Input Tax Credit - Form GST TRAN-1 -...Transitional Credit - carry forward/transition of CENVAT and VAT Input Tax Credit - Form GST TRAN-1 - Taxing statute and equity considerations are not natural allies. At the same time, in the context of a purely procedural requirement and transition provision, we cannot act unmindful of that consequence - if the respondents had offered a functional system, the State could not have deprived the petitioners of transition credit of CENVAT and ITC (under the repealed laws) - thus, there is no hesita..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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