https://www.taxtmi.com/caselaws?id=368547 Transitional input tax credit under the Kerala GST Act was held unavailable for computers, laptops and similar goods used as capital assets in providing services, because such items were not inputs and no credit was admissible under the earlier VAT regime. Section 140(3) was confined to inputs held in stock or contained in semi-finished or finished goods, and did not extend to the claimed capital goods. Credit was also denied on VAT-paid goods lying as closing stock on 30 June 2017, since mere stock availability did not cure the absence of underlying eligibility under the existing law. The transitional credit claim therefore failed on both grounds. en-us Wed, 19 Sep 2018 00:00:00 +0530 Tue, 10 Jun 2025 12:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=368547 Transitional input tax credit under the Kerala GST Act was held unavailable for computers, laptops and similar goods used as capital assets in providing services, because such items were not inputs and no credit was admissible under the earlier VAT regime. Section 140(3) was confined to inputs held in stock or contained in semi-finished or finished goods, and did not extend to the claimed capital goods. Credit was also denied on VAT-paid goods lying as closing stock on 30 June 2017, since mere stock availability did not cure the absence of underlying eligibility under the existing law. The transitional credit claim therefore failed on both grounds. Case-Laws GST Wed, 19 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=368547