Transitional tax credit for eligible dealers survives incorrect form entries, while previously available eligibility objections cannot be raised on ap...
Eligible IGST credit inadvertently availed and utilised as CGST and SGST may be treated as a technical allocation error rather than wrongful availment or utilisation under section 73, where no revenue loss arises. This approach treats the electronic credit ledger as a unified source of credit. Section 16(5), through its overriding clause, displaces the time-limit restriction in section 16(4) for credit within its scope, removing the basis for reversal on that ground.
Eligible IGST credit inadvertently availed and utilised as CGST and SGST may be treated as a technical allocation error rather than wrongful availment or utilisation under section 73, where no revenue loss arises. This approach treats the electronic credit ledger as a unified source of credit. Section 16(5), through its overriding clause, displaces the time-limit restriction in section 16(4) for credit within its scope, removing the basis for reversal on that ground.
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