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Blog posts : "section 1401 of gst act"

TRANSITIONAL PROVISION UNDER GST – SEC 140(1)

Carry forward of tax credit claimed in the tax returns

THE LAW:

140(1)-Amount of CENVAT credit carried forward in the return allowed as input tax credit.

Section 140(1) states, a registered person, other than a person opting to pay tax under section 10, shall be entitled to take, in his ele…

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