https://www.taxtmi.com/acts?id=30523 Section 142 sets transitional GST rules: returned goods taxed under prior law may yield refunds if returned within the prescribed period and identified; price revisions under pre appointed day contracts permit supplementary invoices or credit notes to adjust tax liability provided recipients reduce input tax credit accordingly; refund claims and appellate or assessment proceedings initiated under the existing law are to be disposed of under that law with recoverable amounts treated as arrears under this Act and not admissible as input tax credit when recovered, while refundable sums must be paid in cash under the earlier law. en-us Tue, 11 Jul 2017 13:01:37 +0530 Mon, 28 Aug 2017 12:16:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=30523 Section 142 sets transitional GST rules: returned goods taxed under prior law may yield refunds if returned within the prescribed period and identified; price revisions under pre appointed day contracts permit supplementary invoices or credit notes to adjust tax liability provided recipients reduce input tax credit accordingly; refund claims and appellate or assessment proceedings initiated under the existing law are to be disposed of under that law with recoverable amounts treated as arrears under this Act and not admissible as input tax credit when recovered, while refundable sums must be paid in cash under the earlier law. Act-Rules GST - States Tue, 11 Jul 2017 13:01:37 +0530 https://www.taxtmi.com/acts?id=30523