Summary
- The GSTAT Chandigarh has ruled that capital goods received after the implementation of GST are eligible for transitional credit.
- The tribunal granted ₹2.90 lakh in capital-goods transitional credit while rejecting a claim for ₹6.99 lakh in export-duty credit.
- Additionally, the penalty was reduced to ₹69,900 in this case.
- This decision could significantly impact how businesses approach transitional credits under the Goods and Services Tax regime.
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