https://www.taxtmi.com/forum/issue?id=119302 Whether unutilised transitional CENVAT credit migrated under Section 140 must be reversed on issuance of occupancy/completion certificate turns on whether the credit was lawfully transitioned and whether the underlying transaction remains within the scope of GST. Contributors generally view properly migrated transitional credit as a distinct deemed entitlement that does not automatically become Input Tax under Section 2(62); reversal or refund consequences therefore require fact-specific analysis of admissibility at transition, the legal character of the supply (including post-completion non-GST character), and applicable notifications and CBIC guidance. en-us Wed, 11 Sep 2024 20:25:11 +0530 Fri, 24 Jan 2025 10:40:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=119302 Whether unutilised transitional CENVAT credit migrated under Section 140 must be reversed on issuance of occupancy/completion certificate turns on whether the credit was lawfully transitioned and whether the underlying transaction remains within the scope of GST. Contributors generally view properly migrated transitional credit as a distinct deemed entitlement that does not automatically become Input Tax under Section 2(62); reversal or refund consequences therefore require fact-specific analysis of admissibility at transition, the legal character of the supply (including post-completion non-GST character), and applicable notifications and CBIC guidance. Discussion-Forum GST Wed, 11 Sep 2024 20:25:11 +0530 https://www.taxtmi.com/forum/issue?id=119302