Court Confirms Rule 117 CGST: Time Limit for Transitioning Credit is Directory, Not Mandatory; Rights Not Forfeited for Delays. https://www.taxtmi.com/highlights?id=64445 Benefits of transitional credit - delay in filing Form TRAN-1 - There are no hesitation in reiterating that Rule 117 of the CGST Rule being directory in nature, the prescribed time limit for transitioning of credit would in no manner result in forfeiture of the rights of the writ applicants even though, when the credit is not availed within the period prescribed - application allowed. - HC en-us Tue, 05 Jul 2022 14:40:15 +0530 Tue, 05 Jul 2022 14:40:15 +0530 TaxTMI RSS Generator Court Confirms Rule 117 CGST: Time Limit for Transitioning Credit is Directory, Not Mandatory; Rights Not Forfeited for Delays. https://www.taxtmi.com/highlights?id=64445 Benefits of transitional credit - delay in filing Form TRAN-1 - There are no hesitation in reiterating that Rule 117 of the CGST Rule being directory in nature, the prescribed time limit for transitioning of credit would in no manner result in forfeiture of the rights of the writ applicants even though, when the credit is not availed within the period prescribed - application allowed. - HC Highlights GST Tue, 05 Jul 2022 14:40:15 +0530 https://www.taxtmi.com/highlights?id=64445