https://www.taxtmi.com/circulars?id=63223 Verification of transitional credit claims in TRAN-1 must follow rules linking allowance to MVAT original and revised returns: corrected returns that convert an erroneously claimed refund into carry forward may permit the TRAN-1 claim; where revised returns increase carry forward beyond the original, allowance is limited to the original amount with assessment adjustments later; where revised amounts are lower, the revised amount governs; duplicate refund and TRAN 1 claims are prohibited. Interest is payable on excess credit availed in TRAN-1 from filing until reversal or payment, and on inadmissible credit in revised TRAN-1 from the date of revision filing. en-us Sat, 19 Oct 2019 00:00:00 +0530 Mon, 25 Nov 2019 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=63223 Verification of transitional credit claims in TRAN-1 must follow rules linking allowance to MVAT original and revised returns: corrected returns that convert an erroneously claimed refund into carry forward may permit the TRAN-1 claim; where revised returns increase carry forward beyond the original, allowance is limited to the original amount with assessment adjustments later; where revised amounts are lower, the revised amount governs; duplicate refund and TRAN 1 claims are prohibited. Interest is payable on excess credit availed in TRAN-1 from filing until reversal or payment, and on inadmissible credit in revised TRAN-1 from the date of revision filing. Circulars GST - States Sat, 19 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/circulars?id=63223