{"id":22614,"date":"2022-07-25T13:37:58","date_gmt":"2022-07-25T08:07:58","guid":{"rendered":"https:\/\/carajput.com\/blog\/?p=22614"},"modified":"2023-03-21T22:50:10","modified_gmt":"2023-03-21T17:20:10","slug":"sc-allowed-gst-taxpayers-to-claim-transitional-tax-credit","status":"publish","type":"post","link":"https:\/\/carajput.com\/blog\/sc-allowed-gst-taxpayers-to-claim-transitional-tax-credit\/","title":{"rendered":"SC: Allowed GST taxpayers to claim transitional tax credit"},"content":{"rendered":"
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SC : Permits companies to claim transitional tax credit:\u00a0<\/strong><\/span><\/h3>\n
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Supreme Court allows GST taxpayers to claim pre-GST ITC in a 60-day window timeline.<\/li>\n
AS per latest judgement of Supreme Court permitted all impacted taxpayers to claim cumulative input tax credits (ITC) accrued in the pre-GST indirect tax regime in 60 days ending October 30 in a major ruling on Friday. This judgement might release hundreds of crores of rupees in ITC.<\/li>\n
According to the Supreme Court, the GST Network portal would demonstrate the chance for all assesses to claim transitional credit from September 1 through October 30, when the batch of 400 appeals is resolved.<\/li>\n
Any of these assessors, which analysts estimated to No in the thousands can claim for the benefit whether or not they have filed a Writ petition.<\/li>\n
Supreme Court ordered that the government make it easier to file Tran 1 and Tran 2 forms. When the GST was adopted, the forms were made available so that taxpayers may transfer their pre-GST credits to the GST system.<\/li>\n<\/ul>\n
![\"SC](\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/SC-Permits-companies-to-claim-transitional-tax-credit..jpg\"){kind=spacer}
<\/p>\n![\"SC](\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2015\/05\/SC-Trans-1-and-2..jpg\"){kind=spacer}
<\/p>\n![\"GST](\"https:\/\/carajput.com\/blog\/wp-content\/uploads\/2022\/07\/GST-3B....jpg\")
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