https://www.taxtmi.com/article/detailed?id=6415 The proposed transition allows assessees to carry forward eligible pre GST credit on input goods, capital goods, input services and goods in semi finished or finished stock provided tax was appropriately paid and the inputs will be used for taxable supplies under GST. Claimants must identify such inputs and supply purchase invoices and certified stock records; the burden of proof lies with the claimant. Specific conditions and formulas may be prescribed for capital goods, and statutory mechanisms will be required to ascertain unutilized input service credit and to process transfers or refunds for previously unregistered taxpayers. en-us Tue, 01 Sep 2015 07:30:50 +0530 Tue, 01 Sep 2015 07:30:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6415 The proposed transition allows assessees to carry forward eligible pre GST credit on input goods, capital goods, input services and goods in semi finished or finished stock provided tax was appropriately paid and the inputs will be used for taxable supplies under GST. Claimants must identify such inputs and supply purchase invoices and certified stock records; the burden of proof lies with the claimant. Specific conditions and formulas may be prescribed for capital goods, and statutory mechanisms will be required to ascertain unutilized input service credit and to process transfers or refunds for previously unregistered taxpayers. Articles Goods and Services Tax - GST Tue, 01 Sep 2015 07:30:50 +0530 https://www.taxtmi.com/article/detailed?id=6415