https://www.taxtmi.com/forum/issue?id=111834 Transitional input tax credit may be claimed in the electronic credit ledger for eligible duties and taxes paid under the earlier law on inputs and goods held in stock on the appointed day, subject to conditions: use for taxable supplies, prior eligibility for credit under the earlier law, eligibility under GST, possession of invoices or prescribed documents evidencing payment issued within twelve months, and compliance with record keeping. Traders and manufacturers are treated alike for credit entitlement; maintain separate accounts for activities but rely on GST transitional rules and documentary evidence to carry forward or claim credit for stock tax paid before the appointed day. en-us Wed, 26 Apr 2017 12:24:48 +0530 Thu, 23 Jan 2025 15:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=111834 Transitional input tax credit may be claimed in the electronic credit ledger for eligible duties and taxes paid under the earlier law on inputs and goods held in stock on the appointed day, subject to conditions: use for taxable supplies, prior eligibility for credit under the earlier law, eligibility under GST, possession of invoices or prescribed documents evidencing payment issued within twelve months, and compliance with record keeping. Traders and manufacturers are treated alike for credit entitlement; maintain separate accounts for activities but rely on GST transitional rules and documentary evidence to carry forward or claim credit for stock tax paid before the appointed day. Discussion-Forum GST Wed, 26 Apr 2017 12:24:48 +0530 https://www.taxtmi.com/forum/issue?id=111834