https://www.taxtmi.com/article/detailed?id=7544 Non-availability of transitional input tax credit in initial GSTR-3B filings stems from staggered return deadlines and the absence or non-functionality of the TRANS1 migration facility on the GSTN, preventing registered persons from reflecting entitled transitional credit under Section 140. This operational gap causes denial of credit, potential double taxation and cash-flow burden, and the note recommends administrative demand for activation of credit mechanisms and, if unresolved, pursuing a public interest legal challenge. en-us Sat, 12 Aug 2017 08:24:53 +0530 Sat, 12 Aug 2017 08:24:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7544 Non-availability of transitional input tax credit in initial GSTR-3B filings stems from staggered return deadlines and the absence or non-functionality of the TRANS1 migration facility on the GSTN, preventing registered persons from reflecting entitled transitional credit under Section 140. This operational gap causes denial of credit, potential double taxation and cash-flow burden, and the note recommends administrative demand for activation of credit mechanisms and, if unresolved, pursuing a public interest legal challenge. Articles Goods and Services Tax - GST Sat, 12 Aug 2017 08:24:53 +0530 https://www.taxtmi.com/article/detailed?id=7544