https://www.taxtmi.com/article/detailed?id=7169 Section 170 permits registered persons who supplied both taxable and exempted goods or services to carry forward Cenvat credit shown in earlier returns and to claim eligible duty credit on inputs and inputs contained in stock that relate to exempted supplies on the appointed day. The entitlement chiefly benefits taxpayers who maintained separate inventories and did not previously claim credit on inputs exclusively used in exempted supplies. Transitional credit is not intended where credit on common inputs was already taken and reversed; instead, credit should be allowed only to the extent it was not previously availed or already neutralised under prior rules, with a safeguard against double benefit. en-us Sat, 31 Dec 2016 11:28:55 +0530 Sat, 31 Dec 2016 11:28:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7169 Section 170 permits registered persons who supplied both taxable and exempted goods or services to carry forward Cenvat credit shown in earlier returns and to claim eligible duty credit on inputs and inputs contained in stock that relate to exempted supplies on the appointed day. The entitlement chiefly benefits taxpayers who maintained separate inventories and did not previously claim credit on inputs exclusively used in exempted supplies. Transitional credit is not intended where credit on common inputs was already taken and reversed; instead, credit should be allowed only to the extent it was not previously availed or already neutralised under prior rules, with a safeguard against double benefit. Articles Goods and Services Tax - GST Sat, 31 Dec 2016 11:28:55 +0530 https://www.taxtmi.com/article/detailed?id=7169