Tag: transitional credit

CBEC Guidance Note on CGST Transitional Credit

CBEC Guidance Note on CGST Transitional Credit Central Board of Excise & Customs  (CBEC) has issued a detailed guidance note to aid and assist the field offices in verification of transitional credit claimed in form TRAN-1. As per the letter dated 14th March, 2018 issued by the CBEC …

ITC credit claim of more than Rs One crore to be verified

ITC credit claim of more than Rs One crore to be verified by matching credit claimed with closing balance in returns filed under earlier laws MAHENDER SINGH Special Secretary & Member GOVERNMENT OF INDIA MINISTRY OF FINANCE / DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE & CUSTOMS NORTH …