https://www.taxtmi.com/article/detailed?id=13017 Whether Input Tax Credit is a vested right or a concession hinges on statutory eligibility and transitional rules: Section 16 sets claimant conditions and temporal bars, Section 140 governs carry forward of pre GST credits, and Rule 117 prescribes deadlines. Courts and policy instruments have divided between protecting accrued credits where substantive requirements are met and treating credit as a legislatively controlled concession subject to procedural and transitional restrictions. en-us Mon, 14 Oct 2024 09:05:08 +0530 Mon, 14 Oct 2024 09:05:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13017 Whether Input Tax Credit is a vested right or a concession hinges on statutory eligibility and transitional rules: Section 16 sets claimant conditions and temporal bars, Section 140 governs carry forward of pre GST credits, and Rule 117 prescribes deadlines. Courts and policy instruments have divided between protecting accrued credits where substantive requirements are met and treating credit as a legislatively controlled concession subject to procedural and transitional restrictions. Articles Cenvat Credit Mon, 14 Oct 2024 09:05:08 +0530 https://www.taxtmi.com/article/detailed?id=13017