Input tax credit transition: migration of admissible pre-GST duties into electronic credit ledger subject to FORM GST TRAN-1 conditions. Section 140 permits non-composition registered persons to migrate admissible CENVAT and pre-GST duties into the Electronic Credit Ledger by filing FORM GST TRAN-1 within ninety days (subject to limited extension), subject to eligibility conditions, prescribed documentary and time limits for capital goods and stock-in-hand, restrictions on inadmissible or disputed credits, special rules for inputs received on/after the appointed day, treatment for fixed-rate taxpayers and input service distributors, transfer rules for centralised registrations, and prescribed recovery procedures for wrongly availed or non-transitioned credits.
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.
Input tax credit transition: migration of admissible pre-GST duties into electronic credit ledger subject to FORM GST TRAN-1 conditions.
Section 140 permits non-composition registered persons to migrate admissible CENVAT and pre-GST duties into the Electronic Credit Ledger by filing FORM GST TRAN-1 within ninety days (subject to limited extension), subject to eligibility conditions, prescribed documentary and time limits for capital goods and stock-in-hand, restrictions on inadmissible or disputed credits, special rules for inputs received on/after the appointed day, treatment for fixed-rate taxpayers and input service distributors, transfer rules for centralised registrations, and prescribed recovery procedures for wrongly availed or non-transitioned credits.
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