Input tax credit transition: carried-forward VAT and capital goods credit transferable to electronic ledger under prescribed conditions. Transitional arrangements permit registered persons (excluding composition taxpayers) to transfer admissible carried-forward VAT and unavailed capital goods credit into the electronic credit ledger, subject to return-filing and admissibility conditions, substantiation of Central Sales Tax claims, possession of prescribed invoices for inputs held on the appointed day, and prescribed calculation and reporting requirements; special procedural allowances apply for certain unregistered or exempt-supply persons and for invoices recorded shortly after the appointed day.
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.
Input tax credit transition: carried-forward VAT and capital goods credit transferable to electronic ledger under prescribed conditions.
Transitional arrangements permit registered persons (excluding composition taxpayers) to transfer admissible carried-forward VAT and unavailed capital goods credit into the electronic credit ledger, subject to return-filing and admissibility conditions, substantiation of Central Sales Tax claims, possession of prescribed invoices for inputs held on the appointed day, and prescribed calculation and reporting requirements; special procedural allowances apply for certain unregistered or exempt-supply persons and for invoices recorded shortly after the appointed day.
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