https://www.taxtmi.com/caselaws?id=459371 Transitional input tax credit declared in Form GST TRAN-1, reflecting eligible CENVAT/ITC carried forward as on the appointed day, must be treated as opening balance in the electronic credit ledger and is available for refund of unutilized input tax credit under the refund provisions; therefore verification and approval of TRAN-1 by the tax authority confers entitlement to claim such refund even if the electronic ledger entry was not contemporaneously reflected. Reliance on later administrative circulars to deny refund is inappropriate where statutory transitional carry-forward and rule-based mechanisms establish the opening credit and refundability. en-us Wed, 10 Jan 2024 00:00:00 +0530 Thu, 15 Jan 2026 14:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459371 Transitional input tax credit declared in Form GST TRAN-1, reflecting eligible CENVAT/ITC carried forward as on the appointed day, must be treated as opening balance in the electronic credit ledger and is available for refund of unutilized input tax credit under the refund provisions; therefore verification and approval of TRAN-1 by the tax authority confers entitlement to claim such refund even if the electronic ledger entry was not contemporaneously reflected. Reliance on later administrative circulars to deny refund is inappropriate where statutory transitional carry-forward and rule-based mechanisms establish the opening credit and refundability. Case-Laws GST Wed, 10 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459371