GSTN issues guidelines for claiming transitional credit; Addresses 'processing error' against earlier registrations

GSTN issues advisory / guidelines to taxpayers for claiming transitional credit in TRAN-1; Addressing the processing error while saving details of registrations under earlier laws and transitional credit claimed against them, GSTN explains, “This happens because the application validates the furnished registration number under existing laws in TRAN 1 with the registration number mentioned in the registration/enrolment application”; Hence, to claim transitional credit in r...