S. Jaykishan

Chartered Accountants

CBIC clarifies availability of CENVAT credit of service tax paid as transitional credit

CBIC clarifies availability of CENVAT credit of service tax paid as transitional credit

(Date: 3/3/2019)

The CBIC has clarified that expression “eligible duties” for transitional credit under GST includes CENVAT credit of service tax paid. Therefore, the CENVAT credit of service tax paid would be available as transitional credit under the GST law.

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