https://www.taxtmi.com/caselaws?id=802363 Available input tax credit may be set off against VAT liability, with the remaining credit carried forward. An excessive transitional credit claim in TRAN-1 cannot be addressed by denying the VAT set-off. Rule 117 of the GST Rules provides for declared transitional credit to be entered in the electronic credit ledger, while Rule 121 provides for verification and action concerning wrongly availed credit under sections 73 or 74 of the GST Act. The VAT department may inform the GST department of a potentially excessive transitional claim. en-us Mon, 12 Oct 2026 00:00:00 +0530 Thu, 05 Nov 2026 07:45:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=802363 Available input tax credit may be set off against VAT liability, with the remaining credit carried forward. An excessive transitional credit claim in TRAN-1 cannot be addressed by denying the VAT set-off. Rule 117 of the GST Rules provides for declared transitional credit to be entered in the electronic credit ledger, while Rule 121 provides for verification and action concerning wrongly availed credit under sections 73 or 74 of the GST Act. The VAT department may inform the GST department of a potentially excessive transitional claim. Case-Laws VAT / Sales Tax Mon, 12 Oct 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=802363