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<h1>Amendment to Section 140(7) CGST Act: Transitional Credit for Input Services Distributors, Retroactive from July 1, 2017.</h1> Clause 143 of the Finance (No. 2) Bill, 2024, proposes an amendment to section 140, sub-section (7) of the Central Goods and Services Tax Act. The amendment allows the availment of transitional credit for eligible CENVAT credit on input services received by an Input Services Distributor, regardless of whether the invoices for these services are received before, on, or after the appointed day. This change is retroactively effective from July 1, 2017.