Amount of CENVAT credit carried forward in a return to be allowed as input tax credit
Section 143
Bill
TRANSITIONAL PROVISIONS
MODEL GST LAW – GOODS AND SERVICES TAX ACT, 2016 – Draft June 2016
143. Amount of CENVAT credit carried forward in a return to be allowed as input tax credit
(1) A registered taxable person shall be entitled to take, in his electronic credit ledger, credit of the amount of cenvat credit carried forward in a return, furnished under the earlier law by him, in respect of the period ending with the day immediately preceding the appointed day in such manner as may be prescribed:
Provided that the taxable person shall not be allowed to take credit unless the said amount was admissible as cenvat credit u
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