The document provides an overview of key transitional provisions under the Goods and Services Tax (GST) in India. Some of the main points covered include:
- Existing taxpayers will be issued provisional GST registrations which will later be converted to final registrations upon furnishing of required information.
- Taxpayers can carry forward eligible credits for CENVAT, VAT, and input taxes not availed under previous laws to be claimed as input tax credit under GST.
- Transitional provisions for works contracts, periodic supplies, and goods/services where tax was payable under previous law but supply occurs under GST.
- Treatment of pending appeals, refunds, and recoveries under previous laws