Transitional Input tax credit - availment of accumulated CENVAT ...

GST

May 7, 2020

Transitional Input tax credit - availment of accumulated CENVAT by filing declaration Form TRAN-1 beyond the period provided under CGST Rules - Rule 117 is directory in nature, insofar as it prescribes the time-limit for transitioning of credit and therefore, the same would not result in the forfeiture of the rights, in case the credit is not availed within the period prescribed - the period of three years should be the guiding principle and thus a period of three years from the appointed date would be the maximum period for availing of such credit.

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Transitional Input tax credit - availment of accumulated CENVAT ...

GST

May 7, 2020

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