https://www.taxtmi.com/forum/issue?id=112078 Credits ineligible under the pre-GST law cannot be transferred under section 140, royalty to government is treated as taxable service with credit eligibility pending FAQ guidance, a transitional 60/40 allocation is suggested for earlier expenses on inputs for non-excisable products, and refundability of excess carried-forward input tax where input rates exceed output rates remains uncertain pending clarification and anti-profiteering considerations. en-us Fri, 16 Jun 2017 00:58:32 +0530 Thu, 23 Jan 2025 15:55:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112078 Credits ineligible under the pre-GST law cannot be transferred under section 140, royalty to government is treated as taxable service with credit eligibility pending FAQ guidance, a transitional 60/40 allocation is suggested for earlier expenses on inputs for non-excisable products, and refundability of excess carried-forward input tax where input rates exceed output rates remains uncertain pending clarification and anti-profiteering considerations. Discussion-Forum GST Fri, 16 Jun 2017 00:58:32 +0530 https://www.taxtmi.com/forum/issue?id=112078