Tax Credit Cannot Be Claimed Under CGST Act Section 140(5) For Capital Goods In Transit During Transition

Tax Credit Cannot Be Claimed Under CGST Act Section 140(5) For Capital Goods In Transit During TransitionCase-LawsGSTHC held that transitional credit under CGST Act is not available for capital goods in transit as of the appointed date. While Section 140

Tax Credit Cannot Be Claimed Under CGST Act Section 140(5) For Capital Goods In Transit During Transition
Case-Laws
GST
HC held that transitional credit under CGST Act is not available for capital goods in transit as of the appointed date. While Section 140 of CGST Act allows carrying forward unutilized CENVAT credit for both inputs and capital goods, sub-section (5) specifically distinguishes between them. The CENVAT Credit Rules 2017, which superseded the 2004 Rules, provides no facil

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