transitional credit and anti profiteering

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..... respected sir , whether transitional credit claimed and availed on the stock held on july-2017 to be passed to costumers under anti -profiteering rules or not if yes then what is the benefit for taxable person in claiming trasitional credit .please discuss thanking you - Reply By Ganeshan Kalyani - The Reply = Sir, the credit is eligible to offset it against the GST payable on those stocks wh .....

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..... en supplied. The incidence of tax is passed on thereby. - Reply By KASTURI SETHI - The Reply = I concur with the views of Sh.Ganeshan Kalyani Ji. - Reply By giri gattupalli - The Reply = thank you for sharing your valuable opinions - Reply By KASTURI SETHI - The Reply = For more details, you must see the Order dated 6.7.22 passed by National Anti-Profiteering Authority in the case of Sh.Pr .....

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..... omod Agarwal M/s.Arihant Superstructures Ltd.(2022 (7) TMI 698 - NATIONAL ANTI-PROFITEERING AUTHORITY) - Reply By Amit Agrawal - The Reply = If you have carried forward tax-credit from old regime to new regime, anti-profiteering provisions will not apply. However, if you got 'additional' tax-credit under transitionary provisions or due to provisions of new regime anti-profiteering p .....

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..... rovisions will come into picture. These are ex facie views of mine and the same should not be construed as professional advice / suggestion. - transitional credit and anti profiteering - Query Started By: - giri gattupalli Dated:- 14-8-2022 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management Ind .....

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..... ia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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