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    <title>Transitional Credit u/s 140 of GST Act</title>
    <link>https://www.taxtmi.com/forum/issue?id=115239</link>
    <description>Transitional credit under Section 140 was claimed via TRAN 1 to carry forward WCT TDS and other pre GST credits; the State authority objected that WCT TDS was not reflected in its system and issued notices demanding repayment and penalties. The taxpayer filed a writ; the court directed the authority to pass a decision and did not grant relief at the notice stage, leaving open appellate remedies that may require pre deposit. Forum replies advise cross verification with deductors, reversal and refund routes, and emphasise that bona fide credits should not lapse due to procedural or IT migration issues.</description>
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    <pubDate>Thu, 25 Jul 2019 21:05:21 +0530</pubDate>
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      <title>Transitional Credit u/s 140 of GST Act</title>
      <link>https://www.taxtmi.com/forum/issue?id=115239</link>
      <description>Transitional credit under Section 140 was claimed via TRAN 1 to carry forward WCT TDS and other pre GST credits; the State authority objected that WCT TDS was not reflected in its system and issued notices demanding repayment and penalties. The taxpayer filed a writ; the court directed the authority to pass a decision and did not grant relief at the notice stage, leaving open appellate remedies that may require pre deposit. Forum replies advise cross verification with deductors, reversal and refund routes, and emphasise that bona fide credits should not lapse due to procedural or IT migration issues.</description>
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      <law>GST</law>
      <pubDate>Thu, 25 Jul 2019 21:05:21 +0530</pubDate>
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