GST transitional provisions allow carryforward of eligible input tax credit subject to documentary and timing conditions. Section 140 permits carryforward of admissible CENVAT credit as input tax credit where credits qualify as ITC, prescribed prior returns are filed, invoices evidencing duty payment are in possession and, in certain cases, such invoices were issued within twelve months before the appointed day; special rules cover capital goods, stock (including semi finished/finished goods), supplies previously assessable under central excise or service tax, composition taxpayers, centralized registrations and input service distributor distributions, all subject to statutory eligibility conditions.
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.
GST transitional provisions allow carryforward of eligible input tax credit subject to documentary and timing conditions.
Section 140 permits carryforward of admissible CENVAT credit as input tax credit where credits qualify as ITC, prescribed prior returns are filed, invoices evidencing duty payment are in possession and, in certain cases, such invoices were issued within twelve months before the appointed day; special rules cover capital goods, stock (including semi finished/finished goods), supplies previously assessable under central excise or service tax, composition taxpayers, centralized registrations and input service distributor distributions, all subject to statutory eligibility conditions.
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