https://www.taxtmi.com/forum/issue?id=117638 Transitional input tax credit was claimed for capital goods invoiced before but received after the appointed GST date; statutory basis under Section 140(2) and procedural filing in TRAN-1 were central. The department sought reversal for not claiming prior-period credit, while respondents argued that receipt in the GST period permits claiming full credit, that procedural non-filing of TRAN-1 parts should not defeat entitlement, and that refund or case-law remedies exist for goods in transit. en-us Sat, 13 Nov 2021 15:47:03 +0530 Thu, 23 Jan 2025 15:54:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117638 Transitional input tax credit was claimed for capital goods invoiced before but received after the appointed GST date; statutory basis under Section 140(2) and procedural filing in TRAN-1 were central. The department sought reversal for not claiming prior-period credit, while respondents argued that receipt in the GST period permits claiming full credit, that procedural non-filing of TRAN-1 parts should not defeat entitlement, and that refund or case-law remedies exist for goods in transit. Discussion-Forum GST Sat, 13 Nov 2021 15:47:03 +0530 https://www.taxtmi.com/forum/issue?id=117638