Transitional input tax credit rules require prior law disposal of refund claims and restrict credit where reversed or carried forward. Transitional rules require disposal of refund and credit claims under the existing law with refundable amounts paid in cash under that law, while ... Summary
Transitional input tax credit rules require prior law disposal of refund claims and restrict credit where reversed or carried forward.
Transitional rules require disposal of refund and credit claims under the existing law with refundable amounts paid in cash under that law, while recoverable or rejected amounts become arrears under this Act and are not admissible as input tax credit; input tax credit reversed prior to the appointed day is not admissible under this Act.
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