GST Transition: Key Provisions in CGST Act & Rules for Taxpayer Migration and Input Tax Credit

The transitional provisions of the GST law are outlined in Chapter XX of the CGST Act, 2017, and Rules 117 to 121 of the CGST Rules, 2017. These sections detail the migration of existing taxpayers, transitional arrangements for input tax credit, and conditions for availing CENVAT credit on goods and services. They cover scenarios such as the return of goods sent to job workers, adjustments for price revisions, and refund claims under the existing law. The provisions ensure that tax liabilities and credits are appropriately transitioned to the GST framework, addressing various situations like contract revisions, export refunds, and appeals.