(i) where the said amount of credit is not admissible as input tax credit under this Act; or
(ii) where he has not furnished all the returns required under the existing law for the period of six months immediately preceding the appointed date:
(i) such inputs or goods are used or intended to be used for making taxable supplies under this Act;
(ii) the said registered person is eligible for input tax credit on such inputs under this Act;
(iii) the said registered person is in possession of invoice or other prescribed documents evidencing payment of tax under the existing law in respect of such inputs; and
(iv) such invoices or other prescribed documents were issued not earlier than twelve months immediately preceding the appointed day:
(a) the amount of credit of the value added tax, if any, carried forward in a return furnished under the existing law by him in accordance with the provisions of sub-section (I); and
(b) the amount of credit of the value added tax, if any, in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, relating to such exempted goods or tax free goods, by whatever name called, in accordance with the provisions of sub-section (3).
(i) such inputs or goods are used or intended to be used for making taxable supplies under this Act;
(ii) the said registered person is not paying tax under section 10;
(iii) the said registered person is eligible for input tax credit on such inputs under this Act;
(iv) the said registered person is in possession of invoice or other prescribed documents evidencing payment of tax under the existing law in respect of inputs; and
(v) such invoices or other prescribed documents were issued not earlier than twelve months immediately preceding the appointed day.
Section 140 • Assam Goods and Services Tax Act, 2017
140. Transitional arrangements for input tax credit.
assam-goods-and-services-tax-act-2017-2017-sec-140.json
•
Section 140
{
"act_title": "Assam Goods and Services Tax Act, 2017",
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"number": "140",
"title": "140. Transitional arrangements for input tax credit.",
"chapter": null,
"content": "(i) where the said amount of credit is not admissible as input tax credit under this Act; or\n(ii) where he has not furnished all the returns required under the existing law for the period of six months immediately preceding the appointed date:\n(i) such inputs or goods are used or intended to be used for making taxable supplies under this Act;\n(ii) the said registered person is eligible for input tax credit on such inputs under this Act;\n(iii) the said registered person is in possession of invoice or other prescribed documents evidencing payment of tax under the existing law in respect of such inputs; and\n(iv) such invoices or other prescribed documents were issued not earlier than twelve months immediately preceding the appointed day:\n(a) the amount of credit of the value added tax, if any, carried forward in a return furnished under the existing law by him in accordance with the provisions of sub-section (I); and\n(b) the amount of credit of the value added tax, if any, in respect of inputs held in stock and inputs contained in semi-finished or finished goods held in stock on the appointed day, relating to such exempted goods or tax free goods, by whatever name called, in accordance with the provisions of sub-section (3).\n(i) such inputs or goods are used or intended to be used for making taxable supplies under this Act;\n(ii) the said registered person is not paying tax under section 10;\n(iii) the said registered person is eligible for input tax credit on such inputs under this Act;\n(iv) the said registered person is in possession of invoice or other prescribed documents evidencing payment of tax under the existing law in respect of inputs; and\n(v) such invoices or other prescribed documents were issued not earlier than twelve months immediately preceding the appointed day.",
"footnote": "",
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