Pandora’s Box in GST TRAN 1 transitional form              .

At the time of implementation of GST in order to eliminate double taxation, a transitional provision was made available for businessmen having carry over of Cenvat credit and Input VAT credit which was  eligible Cenvat/Input Credit (ITC) in the earlier regime of GST.

from TaxGuru https://ift.tt/35DeUnr
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