https://www.taxtmi.com/caselaws?id=773727 Transitional VAT input tax credit disclosed in the earlier VAT return was not treated as lost merely because Form GST TRAN-1 was not filed, where the credit had already been identified and had not been carried into GST. The document states that, after expiry of the VAT assessment period and with no adjustment possible against a subsequent tax period, the unadjusted credit could be refunded under the saved rights and refund mechanism preserved by the GST repeal-and-savings framework. It also notes that Rule 15(6) of the Gujarat VAT Rules supported refund of admissible tax credit remaining unadjusted against output tax. en-us Thu, 20 Mar 2025 00:00:00 +0530 Fri, 31 Jul 2026 16:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773727 Transitional VAT input tax credit disclosed in the earlier VAT return was not treated as lost merely because Form GST TRAN-1 was not filed, where the credit had already been identified and had not been carried into GST. The document states that, after expiry of the VAT assessment period and with no adjustment possible against a subsequent tax period, the unadjusted credit could be refunded under the saved rights and refund mechanism preserved by the GST repeal-and-savings framework. It also notes that Rule 15(6) of the Gujarat VAT Rules supported refund of admissible tax credit remaining unadjusted against output tax. Case-Laws GST Thu, 20 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773727