Eye Share: Tale of Transitional Credits - A Disjunct Between Legislature and Courts

The CGST Act has a set of transitional provisions for taxpayers to move to the GST from the erstwhile regime. The provisions included migration of taxpayers, availing ITC that was not utilised, provisions related to job work and miscellaneous provisions that stated that the erstwhile law would still be used to complete pending assessments, refunds and appeals. The objective being to ensure that the paradigm shift is smooth, hassle free and also minimize loss to the stakeholde...