https://www.taxtmi.com/forum/issue?id=118247 Whether a person carrying distinct business activities under the same PAN can claim transitional credit for goods-stock depends on whether the proviso to Section 140(3) applies. The proviso allows a registered person who is not a manufacturer or supplier of services and who lacks invoices evidencing duty payment to take credit subject to prescribed conditions including passing on benefit. One view treats prior service registration as barring the proviso; another treats trader activity as separately eligible where it was not liable to registration under the existing law. en-us Fri, 25 Nov 2022 19:57:53 +0530 Thu, 23 Jan 2025 15:54:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=118247 Whether a person carrying distinct business activities under the same PAN can claim transitional credit for goods-stock depends on whether the proviso to Section 140(3) applies. The proviso allows a registered person who is not a manufacturer or supplier of services and who lacks invoices evidencing duty payment to take credit subject to prescribed conditions including passing on benefit. One view treats prior service registration as barring the proviso; another treats trader activity as separately eligible where it was not liable to registration under the existing law. Discussion-Forum GST Fri, 25 Nov 2022 19:57:53 +0530 https://www.taxtmi.com/forum/issue?id=118247