https://www.taxtmi.com/article/detailed?id=7408 Transitional rules allow carry forward of unutilised Cenvat credit/ITC shown in the last return under the pre GST regime if allowable under both laws: excise/service tax credits convert to CGST (transferred to the electronic ledger without a specified utilisation limit) while VAT and entry tax credits convert to SGST and must be utilised within a limited period after GST commencement; unutilised capital goods credit is permitted even if not carried forward in the last return, computed as historical credit less amounts already availed. en-us Fri, 12 May 2017 07:34:04 +0530 Fri, 12 May 2017 07:34:04 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7408 Transitional rules allow carry forward of unutilised Cenvat credit/ITC shown in the last return under the pre GST regime if allowable under both laws: excise/service tax credits convert to CGST (transferred to the electronic ledger without a specified utilisation limit) while VAT and entry tax credits convert to SGST and must be utilised within a limited period after GST commencement; unutilised capital goods credit is permitted even if not carried forward in the last return, computed as historical credit less amounts already availed. Articles Goods and Services Tax - GST Fri, 12 May 2017 07:34:04 +0530 https://www.taxtmi.com/article/detailed?id=7408