https://www.taxtmi.com/forum/issue?id=121043 A credit to the profit and loss account arising from reclaimed transitional input tax credit, after its approved availment through TRAN-1, does not by itself constitute a supply liable to GST. GST liability requires a taxable supply, and the accounting entry should be established as an input tax credit reclaim rather than consideration arising from a supply. The clarification states that the credit availed through TRAN-1 received departmental approval. en-us Tue, 28 Jul 2026 11:13:21 +0530 Sun, 09 Aug 2026 11:51:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=121043 A credit to the profit and loss account arising from reclaimed transitional input tax credit, after its approved availment through TRAN-1, does not by itself constitute a supply liable to GST. GST liability requires a taxable supply, and the accounting entry should be established as an input tax credit reclaim rather than consideration arising from a supply. The clarification states that the credit availed through TRAN-1 received departmental approval. Discussion-Forum GST Tue, 28 Jul 2026 11:13:21 +0530 https://www.taxtmi.com/forum/issue?id=121043