Transitional input tax credit rules govern refunds, credits, and recovery as arrears on pre GST transactions. Transitional provisions govern refunds, credits and procedural continuity from the existing law to this Act: eligible refunds for returned goods identifiable and returned within stipulated periods; supplementary invoices/debit notes and credit notes for pre appointed contracts with corresponding input tax credit adjustments; disposal of refund claims and appeals under existing law with cash refunds where due and lapsing of rejected claims; recoverable amounts not recovered under the existing law become arrears under this Act and are not admissible as input tax credit; agents may claim credit for principal's stock subject to prescribed conditions.
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, credits, and recovery as arrears on pre GST transactions.
Transitional provisions govern refunds, credits and procedural continuity from the existing law to this Act: eligible refunds for returned goods identifiable and returned within stipulated periods; supplementary invoices/debit notes and credit notes for pre appointed contracts with corresponding input tax credit adjustments; disposal of refund claims and appeals under existing law with cash refunds where due and lapsing of rejected claims; recoverable amounts not recovered under the existing law become arrears under this Act and are not admissible as input tax credit; agents may claim credit for principal's stock subject to prescribed conditions.
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