Transitional input tax credit rules govern refunds, carry-forwards and recovery mechanisms under the GST transition. Transitional rules determine treatment of tax and input tax credit for transactions and proceedings spanning the appointed day: returns of goods within specified windows may yield refunds under the existing law; post-appointed-day price revisions for pre-appointed contracts require supplementary invoices or permit credit notes with recipient credit adjustment; refund claims and appellate or adjudicatory proceedings begun before, on or after the appointed day are to be disposed under the existing law with admissible amounts refunded in cash and rejected or recovered amounts not admissible as input tax credit under this Act and recoverable as arrears where necessary.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Transitional input tax credit rules govern refunds, carry-forwards and recovery mechanisms under the GST transition.
Transitional rules determine treatment of tax and input tax credit for transactions and proceedings spanning the appointed day: returns of goods within specified windows may yield refunds under the existing law; post-appointed-day price revisions for pre-appointed contracts require supplementary invoices or permit credit notes with recipient credit adjustment; refund claims and appellate or adjudicatory proceedings begun before, on or after the appointed day are to be disposed under the existing law with admissible amounts refunded in cash and rejected or recovered amounts not admissible as input tax credit under this Act and recoverable as arrears where necessary.
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