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of <h1>Karnataka Tax Department Issues Guidelines for Verifying Transitional Credit Claims Post-Supreme Court Order, Coordination Emphasized.</h1> The circular from the Karnataka Department of Commercial Taxes outlines guidelines for verifying Transitional Credit following a Supreme Court order in a case involving the Union of India and a private company. The Supreme Court directed the reopening of the GST portal for filing forms TRAN-1 and TRAN-2 to claim Transitional Credit from September 1 to October 31, 2022, later extended to November 30, 2022. Jurisdictional tax officers are tasked with verifying these claims within 90 days, ensuring no technical glitches, and following principles of natural justice. Coordination between state and central tax authorities is emphasized, with a Nodal Officer appointed for effective communication.
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