https://www.taxtmi.com/circulars?id=61559 Only credits expressly authorised by section 140 of the CGST Act may be transitioned in TRAN 1 and the same pre GST credit cannot be availed twice. The guidance identifies the TRAN 1 entries that populate the electronic credit ledger, prescribes reconciliation of Table 5(a) with closing CENVAT balances net of excluded cesses, excludes ineligible taxes, requires documentary proof for capital goods and inputs held in stock, flags verification of anomalous credit growth, and mandates a data first verification approach with summons and enforcement reserved for non cooperation or substantial incongruent claims. en-us Mon, 09 Apr 2018 00:00:00 +0530 Wed, 11 Feb 2026 15:58:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=61559 Only credits expressly authorised by section 140 of the CGST Act may be transitioned in TRAN 1 and the same pre GST credit cannot be availed twice. The guidance identifies the TRAN 1 entries that populate the electronic credit ledger, prescribes reconciliation of Table 5(a) with closing CENVAT balances net of excluded cesses, excludes ineligible taxes, requires documentary proof for capital goods and inputs held in stock, flags verification of anomalous credit growth, and mandates a data first verification approach with summons and enforcement reserved for non cooperation or substantial incongruent claims. Circulars GST Mon, 09 Apr 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=61559