https://www.taxtmi.com/caselaws?id=790499 Transitional input tax credit under Section 140 of the CGST Act, 2017 cannot be denied merely because the underlying inputs or input services relate to transactions before the appointed day. The provision must be read with both sub-sections (1) and (5): sub-section (1) covers CENVAT credit carried forward from the pre-GST return period, while sub-section (5) separately permits credit of eligible duties and taxes on inputs or input services received on or after the appointed day, subject to prescribed conditions. An overly restrictive reading that limits transition only to post-appointed-day transactions is inconsistent with the statutory scheme, and eligible transitional credit remains admissible. en-us Tue, 07 Apr 2026 00:00:00 +0530 Sat, 25 Apr 2026 08:51:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790499 Transitional input tax credit under Section 140 of the CGST Act, 2017 cannot be denied merely because the underlying inputs or input services relate to transactions before the appointed day. The provision must be read with both sub-sections (1) and (5): sub-section (1) covers CENVAT credit carried forward from the pre-GST return period, while sub-section (5) separately permits credit of eligible duties and taxes on inputs or input services received on or after the appointed day, subject to prescribed conditions. An overly restrictive reading that limits transition only to post-appointed-day transactions is inconsistent with the statutory scheme, and eligible transitional credit remains admissible. Case-Laws GST Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790499