https://www.taxtmi.com/article/detailed?id=11161 Under the transitional input tax credit mechanism, a registered person may carry forward eligible VAT-era credits, including unadjusted TDS treated as excess input tax credit, into the GST electronic credit ledger. The proviso limiting uptake of such credit applies only where GST law expressly prohibits claiming input tax credit for the relevant category; absent such express prohibition, denial of migration and consequent interest or penalties is inconsistent with the transitional scheme. en-us Thu, 02 Mar 2023 10:06:31 +0530 Thu, 02 Mar 2023 10:06:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11161 Under the transitional input tax credit mechanism, a registered person may carry forward eligible VAT-era credits, including unadjusted TDS treated as excess input tax credit, into the GST electronic credit ledger. The proviso limiting uptake of such credit applies only where GST law expressly prohibits claiming input tax credit for the relevant category; absent such express prohibition, denial of migration and consequent interest or penalties is inconsistent with the transitional scheme. Articles Goods and Services Tax - GST Thu, 02 Mar 2023 10:06:31 +0530 https://www.taxtmi.com/article/detailed?id=11161