Transitional GST credit rules govern refund, credit carryforward and recovery as arrears under the new Act. Transitional provisions require refunds for goods returned that were taxed under prior law when returned by unregistered purchasers within six months, treat returns by registered persons as supplies, mandate supplementary invoices or debit notes for upward price revisions and permit credit notes for downward revisions subject to recipient credit reduction, and direct that pre transition refund and appeal proceedings be completed under the existing law with refundable amounts paid in cash while recoverable amounts are recoverable as arrears under the new Act and are not admissible as input tax credit.
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 GST credit rules govern refund, credit carryforward and recovery as arrears under the new Act.
Transitional provisions require refunds for goods returned that were taxed under prior law when returned by unregistered purchasers within six months, treat returns by registered persons as supplies, mandate supplementary invoices or debit notes for upward price revisions and permit credit notes for downward revisions subject to recipient credit reduction, and direct that pre transition refund and appeal proceedings be completed under the existing law with refundable amounts paid in cash while recoverable amounts are recoverable as arrears under the new Act and are not admissible as input tax credit.
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