HC : Transitional relief not deniable to taxpayer migrated post bifurcation of State of AP

HC allows transition of input tax credit balance under Telangana VAT Act to GST Act to petitioner, engaged in equipment leasing,  who migrated from State of Andhra Pradesh to State of Telangana after bifurcation; Rejects Revenue’s plea that, Section 140 of CGST Act, 2017 does not deal with apportionment between the bifurcated States and that a clear mechanism was provided in the VATIS system as to how the dealer shall utilise Net Credit Carried Forward (NCCF)...