Credit of duty paid inputs or service tax paid on input services received after 1-7-2017 but duty was paid earlier

Credit of duty paid inputs or service tax paid on input services received after 1-7-2017 but duty was paid earlier :

Credit of duty paid inputs or service tax paid on input services received after 1-7-2017 but duty was paid prior to 1-7-2017 will be available if document was recorded in books of account within 30 days. This period of 30 days can be extended by Commissioner by further 30 days – section 140(5) of CGST Act.

Similar provision in respect of Vat paid on goods which were received after 1-7-2017 – section 140(5) of SGST Act.

The taxable person is required to submit details as specified in rule 1(2)(c) of Transitory Provision Rules within sixty days.