https://www.taxtmi.com/forum/issue?id=117978 A taxpayer may transition input tax credit declared in earlier returns without a general time limit, but credit claimed on closing stock at the cut off date is time barred by the closing stock limitation. Interest is chargeable when transitioned credit is utilised, running from the date of utilisation until reversal. No waiver for late filing fees for GSTR 1 is available in the discussed scenario. en-us Fri, 03 Jun 2022 12:27:04 +0530 Thu, 23 Jan 2025 15:54:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117978 A taxpayer may transition input tax credit declared in earlier returns without a general time limit, but credit claimed on closing stock at the cut off date is time barred by the closing stock limitation. Interest is chargeable when transitioned credit is utilised, running from the date of utilisation until reversal. No waiver for late filing fees for GSTR 1 is available in the discussed scenario. Discussion-Forum GST Fri, 03 Jun 2022 12:27:04 +0530 https://www.taxtmi.com/forum/issue?id=117978