https://www.taxtmi.com/caselaws?id=801283 Transitional credit under Section 140(2) extends to unavailed CENVAT credit on capital goods where it is admissible under both the existing and GST regimes. Neither Section 140(2) nor Rule 117(2)(a) requires prior partial availment before the appointed day or limits transition to half the eligible credit; compliant TRAN-1 disclosure supports the claim. Central excise duty on goods cleared for export before GST cannot be converted into GST input tax credit because Section 140 provides no enabling category, and Section 174(2)(c) does not preserve an unaccrued entitlement. Interest follows recovery of inadmissible credit, and wrongful availment attracts the statutory penalty under Section 73. en-us Fri, 16 Oct 2026 00:00:00 +0530 Sat, 17 Oct 2026 05:20:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=801283 Transitional credit under Section 140(2) extends to unavailed CENVAT credit on capital goods where it is admissible under both the existing and GST regimes. Neither Section 140(2) nor Rule 117(2)(a) requires prior partial availment before the appointed day or limits transition to half the eligible credit; compliant TRAN-1 disclosure supports the claim. Central excise duty on goods cleared for export before GST cannot be converted into GST input tax credit because Section 140 provides no enabling category, and Section 174(2)(c) does not preserve an unaccrued entitlement. Interest follows recovery of inadmissible credit, and wrongful availment attracts the statutory penalty under Section 73. Case-Laws GST Fri, 16 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=801283