https://www.taxtmi.com/article/detailed?id=12666 Section 140 of the TNGST Act permits transition of VAT or entry tax amounts unutilized in VAT returns into the GST electronic credit ledger. The transitional mechanism requires identification of legitimately earned pre-GST credits shown in VAT returns at switch-over and their migration into the electronic credit ledger, consistent with a purposive interpretation and recognised procedures for transitional filings. en-us Wed, 05 Jun 2024 08:22:55 +0530 Wed, 05 Jun 2024 08:22:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12666 Section 140 of the TNGST Act permits transition of VAT or entry tax amounts unutilized in VAT returns into the GST electronic credit ledger. The transitional mechanism requires identification of legitimately earned pre-GST credits shown in VAT returns at switch-over and their migration into the electronic credit ledger, consistent with a purposive interpretation and recognised procedures for transitional filings. Articles Goods and Services Tax - GST Wed, 05 Jun 2024 08:22:55 +0530 https://www.taxtmi.com/article/detailed?id=12666