transitional credit and anti profiteering

[giri gattupalli]

respected sir ,

whether transitional credit claimed and availed on the stock held on july-2017 to be passed to costumers under anti -profiteering rules or not if yes then what is the benefit for taxable person in claiming trasitional credit .please discuss

thanking you

AI Summary

Transitional credit: offset against tax on supplies may avoid anti profiteering unless additional transitional credit arises.
Transitional input tax credit carried forward from the old regime may be used to offset output tax on supplies of pre transition stock and does not automatically engage anti profiteering. However, any additional tax credit arising under transitional provisions or the new regime that produces an incremental tax advantage can attract anti profiteering obligations requiring benefits to be passed to customers.