https://www.taxtmi.com/forum/issue?id=119032 Whether undistributed Input Service Distributor (ISD) credit under service tax as on the transition date can be carried into GST via TRAN 1 is disputed: Section 140(1) is said not to permit such transition, but Section 140(7) contemplates distribution of pre GST ISD credit and is argued to have overriding effect. The practical position advanced is that eligible vested ISD credit may be transitioned and distributed under GST, including undistributed pre GST credits, subject to ongoing litigation and interim orders. en-us Sat, 16 Mar 2024 18:54:06 +0530 Fri, 24 Jan 2025 10:40:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119032 Whether undistributed Input Service Distributor (ISD) credit under service tax as on the transition date can be carried into GST via TRAN 1 is disputed: Section 140(1) is said not to permit such transition, but Section 140(7) contemplates distribution of pre GST ISD credit and is argued to have overriding effect. The practical position advanced is that eligible vested ISD credit may be transitioned and distributed under GST, including undistributed pre GST credits, subject to ongoing litigation and interim orders. Discussion-Forum GST Sat, 16 Mar 2024 18:54:06 +0530 https://www.taxtmi.com/forum/issue?id=119032