<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>Guidelines for verifying the Transitional Credit in light of the order of the Hon&#039;ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt. Ltd., SLP(C) No. 32709- 32710/2018, order dated 22.07.2022 &amp; 02.09.2022</title>
    <link>https://www.taxtmi.com/circulars?id=65999</link>
    <description>Guidelines require jurisdictional tax officers to verify TRAN-1/TRAN-2 claims filed or revised during the court-ordered window, follow principles of natural justice, seek counterpart verification where claims span administrative jurisdictions, apply prescribed documentary and substantive checks for each TRAN table, and pass reasoned orders within the prescribed timeline to allow admissible transitional credit to be reflected in the Electronic Credit Ledger; inadmissible or excess credits may be recovered with interest and penalty.</description>
    <language>en-us</language>
    <pubDate>Thu, 10 Nov 2022 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 14 Nov 2022 12:21:00 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=695581" rel="self" type="application/rss+xml"/>
    <item>
      <title>Guidelines for verifying the Transitional Credit in light of the order of the Hon&#039;ble Supreme Court in the Union of India vs. Filco Trade Centre Pvt. Ltd., SLP(C) No. 32709- 32710/2018, order dated 22.07.2022 &amp; 02.09.2022</title>
      <link>https://www.taxtmi.com/circulars?id=65999</link>
      <description>Guidelines require jurisdictional tax officers to verify TRAN-1/TRAN-2 claims filed or revised during the court-ordered window, follow principles of natural justice, seek counterpart verification where claims span administrative jurisdictions, apply prescribed documentary and substantive checks for each TRAN table, and pass reasoned orders within the prescribed timeline to allow admissible transitional credit to be reflected in the Electronic Credit Ledger; inadmissible or excess credits may be recovered with interest and penalty.</description>
      <category>Circulars</category>
      <law>GST</law>
      <pubDate>Thu, 10 Nov 2022 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/circulars?id=65999</guid>
    </item>
  </channel>
</rss>