HC: Allows credit transition for cesses into GST regime absent express stipulation for lapse

Nov 04,2019

Madras HC allows assessee's writ petition, holds that assessee can carry forward accumulated credit of Education Cess (EC), Secondary and Higher Education Cess (SHES) and Krishi Kalyan Cess (KKC) through filing of GST TRAN-1; Noting that as per Sec 140(1) (which provides for transfer of all credits and levies), there are only 3 conditions /embargos that bar the transfer of accumulated credit, holds that "the revenue has not made out any bar for the transitioning of EC, SHEC a...

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