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Credit in tran 1 against disputed service tax

ITC / Input 575 views 2 replies

Sir 

I have one dispute in service tax against which i have not taken credit in GST Tran-1 can i take credit later when case goes in my favour .At initial level case goes in my favour but currently it is pending in tribunal...amount is huge....also tell me if it can be taken later than how if i not taken in TRAN-1.

Also if i take back by revising trans 1 than i am bound to utilised cgst come from service tax credit and if case goes against me than there are huge interest nd penalty for reversal...

Because without using cgst credit i am not allowing to set off my igst input credit against sgst liability...

Still in several forum no one has replied it....

Replies (2)
question is not clear and what kind of service or business you are doing
As far as the disputed credit is concerned, it is to be dealt with in the existing law.
Outcomes are as follows:
1. Assessee Favour - Can get the refund
2. Dept. Favour - Assessee has to forgo.

Disputed credit can't be claimed as Transitional credit in TRAN 1.

hope it helps.

In case, query resolved, which stand u have taken?


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