TaxTMI 
TaxTMI 
TaxTMI 
Whether Surcharge paid as Additional Duty of Excise levied on tobacco be taken as Transitional Credit under GST? The said Additional Duty of Excise is as per levy under Finance Act 2005.
Transitional Credit
Krishna Murthy
Eligibility of Surcharge on Tobacco as Transitional Credit under GST Denied; Cannot be Carried Forward in TRANS-1 A query was raised regarding the eligibility of taking surcharge paid as Additional Duty of Excise on tobacco as Transitional Credit under the Goods and Services Tax (GST) framework. The duty in question is levied under the Finance Act of 2005. Two responses were provided in the discussion forum. The first response stated that the surcharge cannot be carried forward into TRANS-1. The second response agreed with this view, endorsing the first respondent's position. (AI Summary)