TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Manuals
of of All Manuals
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Transitional Provisions in CGST Act, 2017: Ensuring Seamless ITC Transition from Excise and Service Tax to GST Regime.</h1> The transitional provisions in the CGST Act, 2017, facilitate taxpayers in transitioning from the previous Central Excise and Service Tax regime to the GST regime by allowing them to carry forward Input Tax Credit (ITC) on CENVAT credit balances. These provisions, primarily relevant for litigation purposes now, include sections and rules addressing taxpayer migration, transitional arrangements for ITC, job work, and miscellaneous provisions. The GST replaced multiple indirect taxes with a single levy, ensuring seamless ITC flow to avoid tax cascading. Transition forms TRAN-1 and TRAN-2 were introduced to help businesses carry forward ITC. Currently, these provisions mainly pertain to ongoing litigation.
TaxTMI 
