https://www.taxtmi.com/forum/issue?id=110993 GST taxes supplies rather than manufacturing; traders who merely buy and resell brought out goods must take input tax credit and account for GST only where their transactions constitute supply and credits are otherwise allowable. Transitional ambiguity exists for credits or duty payments not reflected in returns by the prescribed cut off-examples include amounts under conditional stays, disputed credits reversed under protest, and credits affected by show cause proceedings-because the model law then lacked a clear mechanism to claim such amounts after the cut off. en-us Mon, 03 Oct 2016 09:33:52 +0530 Thu, 23 Jan 2025 15:56:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=110993 GST taxes supplies rather than manufacturing; traders who merely buy and resell brought out goods must take input tax credit and account for GST only where their transactions constitute supply and credits are otherwise allowable. Transitional ambiguity exists for credits or duty payments not reflected in returns by the prescribed cut off-examples include amounts under conditional stays, disputed credits reversed under protest, and credits affected by show cause proceedings-because the model law then lacked a clear mechanism to claim such amounts after the cut off. Discussion-Forum GST Mon, 03 Oct 2016 09:33:52 +0530 https://www.taxtmi.com/forum/issue?id=110993