https://www.taxtmi.com/caselaws?id=767091 Transitional credit under Section 140(3) of the Kerala State GST Act was available for VAT or entry tax on inputs held in stock by a registered person not liable to register under the existing law, subject to the statutory conditions. Computers and laptops used for rendering services were not treated as capital goods for Chapter XX purposes because that chapter adopts the Kerala VAT Act meaning, and goods used for rendering services are excluded from capital goods under Section 2(x) of that Act. Reliance on Section 140(2) was therefore misplaced, and transitional credit was available in respect of the computers and laptops. en-us Tue, 28 Jan 2025 00:00:00 +0530 Wed, 05 Nov 2025 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=767091 Transitional credit under Section 140(3) of the Kerala State GST Act was available for VAT or entry tax on inputs held in stock by a registered person not liable to register under the existing law, subject to the statutory conditions. Computers and laptops used for rendering services were not treated as capital goods for Chapter XX purposes because that chapter adopts the Kerala VAT Act meaning, and goods used for rendering services are excluded from capital goods under Section 2(x) of that Act. Reliance on Section 140(2) was therefore misplaced, and transitional credit was available in respect of the computers and laptops. Case-Laws GST Tue, 28 Jan 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=767091