The refund pertains to the non-transitioned CENVAT credit of Krishi Kalyan Cess (KKC) that the bank could not transfer to the Goods and Services Tax (GST) regime via the TRAN-1 form
The Customs, Excise, and Service Tax Appellate Tribunal ( CESTAT ) has directed the Central Goods and Services Tax ( CGST ) Department to refund ₹28.3 lakh to Bank of Baroda. The refund pertains to the non-transitioned CENVAT credit of Krishi Kalyan Cess ( KKC ) that the bank could not transfer to the Goods…
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