Cenvat credit migration requires specified declarations and percentage-based carryforward for intra-state and inter-state supplies under GST. Transitional provisions permit taxpayers to carry forward Cenvat credit upon GST migration by declaring closing Cenvat balances, unavailed credit on capital goods, and stocks of inputs with or without duty paid invoices; allowable carryforward is determined by applying specified percentages: intra State 60% (total tax 18%/28%) or 40% (5%/12%), and inter State 30% (18%/28%) or 20% (5%/12%).
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.
Cenvat credit migration requires specified declarations and percentage-based carryforward for intra-state and inter-state supplies under GST.
Transitional provisions permit taxpayers to carry forward Cenvat credit upon GST migration by declaring closing Cenvat balances, unavailed credit on capital goods, and stocks of inputs with or without duty paid invoices; allowable carryforward is determined by applying specified percentages: intra State 60% (total tax 18%/28%) or 40% (5%/12%), and inter State 30% (18%/28%) or 20% (5%/12%).
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