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of <h1>Section 142: Transitional Provisions for Tax Handling During GST Implementation, Including Refunds, Price Revisions, and Liability Continuity</h1> Section 142 of the Assam Goods and Services Tax Act, 2017, outlines transitional provisions for handling tax matters as the GST system is implemented. It addresses the return of goods sold before the GST commencement, allowing refunds if returned within six months. Provisions for price revisions in contracts made before the GST day require issuing supplementary invoices or credit notes. Refund claims for input tax credit and taxes paid under previous laws are to be processed under those laws, with specific conditions for admissibility. The section also covers proceedings related to input and output tax liabilities, recovery, and refund processes, ensuring continuity and clarity during the transition to GST.
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