Introducing the “In Favour Of” filter in Case Laws.
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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>VAT Credit Denied for Items 'X' and 'Y' Under GST Due to Non-eligibility in Previous Law (Section 140(2) SGST Act)</h1> VAT credit was previously unavailable for items 'X' and 'Y' as capital goods under the Central Excise law. Under GST, a registered taxable person can only claim credit if the input tax credit (ITC) was admissible under both the existing law and GST. Since the credit was not available under the existing law, the individual cannot claim it under GST, as per the proviso to section 140(2) of the SGST Act.
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