https://www.taxtmi.com/forum/issue?id=115656 Transitional credit under GST can be availed only for procurements made after the rate change; claimants must allocate Tx to eligible post-change acquisitions. Utilisation is limited where the taxpayer's sole liability is a reduced-rate output tax subject to credit-use restrictions, but Tx may be applied to other liabilities that lack such restrictions. en-us Tue, 12 Nov 2019 17:42:28 +0530 Thu, 23 Jan 2025 15:54:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115656 Transitional credit under GST can be availed only for procurements made after the rate change; claimants must allocate Tx to eligible post-change acquisitions. Utilisation is limited where the taxpayer's sole liability is a reduced-rate output tax subject to credit-use restrictions, but Tx may be applied to other liabilities that lack such restrictions. Discussion-Forum GST Tue, 12 Nov 2019 17:42:28 +0530 https://www.taxtmi.com/forum/issue?id=115656