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- Whether it is mandatory to transfer complete closing balance of Cenvat Credit into the GST regime ?
Whether it is mandatory to transfer complete closing balance of Cenvat Credit into the GST regime ?
TRT-2026-271
Issue Favourable to Tax Payer ?:- yes
Held - As perusal of above section clearly indicates that there are numerous restrictions of transfer of credit from central excise cenvat credit to GST input tax credit. In these circumstances, it may not be possible in many circumstances to transfer the entire cenvat credit available in cenvat
credit Rules, 2004 to the electronic credit register maintained under GST regime. The appellant has worked out a certain pro.....
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