Denial of pre-GST credit transition open to challenge

Section 28 of the Central Goods and Services Tax (Amendment) Act, 2018 (amendment act), has created ripples across the industry because of the insertion of explanation 3 to section 140(1), which retrospectively denies the transition of education cess (EC) and secondary higher education cess (SHEC) credits. The levy of EC and SHEC on excisable goods and taxable services was introduced in the Financ…