https://www.taxtmi.com/caselaws?id=762686 Transitional credit of excise duty claimed via Credit Transfer Document was denied where statutory conditions for claiming credit were unmet; the HC held that entitlement under the GST transitional provisions is a statutory concession requiring compliance with the prescribed time and manner, including timely submission of TRAN-1, and cannot be sustained by treating the requirement as merely procedural. The court distinguished precedents treating input tax credit as indefeasible once taken, observing that such credit is conditioned by statute. Consequence: claims filed without TRAN-1 within the prescribed period are barred and the petition was dismissed. en-us Fri, 29 Nov 2024 00:00:00 +0530 Thu, 12 Feb 2026 14:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=762686 Transitional credit of excise duty claimed via Credit Transfer Document was denied where statutory conditions for claiming credit were unmet; the HC held that entitlement under the GST transitional provisions is a statutory concession requiring compliance with the prescribed time and manner, including timely submission of TRAN-1, and cannot be sustained by treating the requirement as merely procedural. The court distinguished precedents treating input tax credit as indefeasible once taken, observing that such credit is conditioned by statute. Consequence: claims filed without TRAN-1 within the prescribed period are barred and the petition was dismissed. Case-Laws GST Fri, 29 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=762686