Transitional provisions enable migration of registrations and carryforward of eligible input tax credits into the GST regime.
Chapter XXV of the Model GST Law sets transitional rules keyed to the appointed day. Provisional PAN based GSTINs are issued and final registration depends on prescribed data. Eligible input tax/CENVAT credits reflected in the last return under earlier laws may be carried forward into the electronic credit ledger if admissible under GST; CGST and SGST balances remain separate. Special rules govern capital goods credit, inputs held in stock, job work returns, supplementary invoicing for pre existing contracts, disposal of pending refund claims under prior laws, and finalisation of pending appeals or proceedings under earlier statutes. (AI Summary)