WHETHER TRANSITIONAL CREDIT IS AVAILED AS PER THE PROVISIONS OF THE LAW?
Provision rules have been made for the smooth transition of Input Tax. The credit can be taken by the trader only if the benefit of the same is passed on to the final consumer. GSTGSS ensures that the transitional credit is availed as per provisios of the law.
GSTGSS claims that it is GST compliant and according to the provision rules the transitional credits are availed.
There will be seemless transfer of ITC under GST for physical stocks which already suffered the incidence of taxes under different existing laws.
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