Guidelines for verifying the Transitional Credit in light of the order of the Hon’ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt. Ltd., SLP(C) No. 32709-32710/2018, order dated 22.07.2022 & 02.09.2022.
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Transitional credit verification: officers must verify TRAN 1/TRAN 2 claims, coordinate cross jurisdictionally and pass reasoned orders. Guidelines prescribe procedures for verifying Transitional Credit claims filed or revised via TRAN 1/TRAN 2: jurisdictional officers must verify claims using declarations, back office data and records, coordinate with counterpart central or state/UT officers where claims span jurisdictions, obtain signed verification reports detailing admissible and inadmissible amounts with reasons, issue notices and afford hearings where inadmissibility is indicated, and pass reasoned orders within the prescribed verification timeline to allow credit to be reflected in the Electronic Credit Ledger; excess credit is liable to demand and recovery.
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 credit verification: officers must verify TRAN 1/TRAN 2 claims, coordinate cross jurisdictionally and pass reasoned orders.
Guidelines prescribe procedures for verifying Transitional Credit claims filed or revised via TRAN 1/TRAN 2: jurisdictional officers must verify claims using declarations, back office data and records, coordinate with counterpart central or state/UT officers where claims span jurisdictions, obtain signed verification reports detailing admissible and inadmissible amounts with reasons, issue notices and afford hearings where inadmissibility is indicated, and pass reasoned orders within the prescribed verification timeline to allow credit to be reflected in the Electronic Credit Ledger; excess credit is liable to demand and recovery.
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