https://www.taxtmi.com/caselaws?id=802272 An excess transitional input tax credit claim in TRAN-1 does not itself establish a breach of VAT law or create a VAT liability. Available VAT credit can be set off against tax payable. Rule 117 provides for crediting the amount specified in TRAN-1 to the electronic credit ledger, while Rule 121 provides for verification and action under GST law in respect of wrongly availed credit. VAT authorities may inform the GST department of an excess claim. en-us Mon, 12 Oct 2026 00:00:00 +0530 Wed, 04 Nov 2026 08:42:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802272 An excess transitional input tax credit claim in TRAN-1 does not itself establish a breach of VAT law or create a VAT liability. Available VAT credit can be set off against tax payable. Rule 117 provides for crediting the amount specified in TRAN-1 to the electronic credit ledger, while Rule 121 provides for verification and action under GST law in respect of wrongly availed credit. VAT authorities may inform the GST department of an excess claim. Case-Laws VAT / Sales Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802272