Rule 117 - Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day
CGST Rules, 2017
TRANSITIONALCONSOLIDATED_BASE_WITH_CURRENT_CONTROLindex,follow
Source control: The text/status on this page is tied to the official source gateway and the Phase 1 legal-review register. Open official source.
Finin2min Summary - Rule in 2 Minutes
This is a legacy rule. Apply the statutory conditions, original return data, notified windows and binding judicial/portal reopening directions such as the Supreme Court TRAN-1/TRAN-2 facilitation.
Exact operative text
117. Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day.- Eligible
persons were required to submit FORM GST TRAN-1 electronically within the notified period, with prescribed
declarations and stock/duty details. The rule contains special declarations for capital goods, goods sent to job workers,
centralised registrations and specified stock credits.
Paragraph-wise decode
This is a legacy rule. Apply the statutory conditions, original return data, notified windows and binding judicial/portal reopening directions such as the Supreme Court TRAN-1/TRAN-2 facilitation.
Section-Rule-Form-Notification bridge
No direct Rule certified in Phase 1. Check notifications, circulars, forms and corresponding State law.
The mapping is a legal concordance, not a round-robin related-link list. It is limited to instruments certified in this phase.
Practical example
Apply the rule to the relevant form, period, portal event and evidence trail before reaching a compliance conclusion.
Professional alert
Verify the latest official active Rule page, amending Gazette and portal version before filing or advising.
Implementation checklist
- Fix the transaction, taxable period and jurisdiction.
- Read every subsection, proviso, explanation and omission marker.
- Open the mapped Rule, form, notification and circular.
- Test State/UT variation and portal version.
- Preserve evidence, approvals, working papers and acknowledgements.
- Record the conclusion, assumptions, source date and reviewer.
Evidence and retention checklist
- Contract, purchase order, invoice or underlying transaction document.
- Registration, return, ledger, challan and portal acknowledgement.
- Official Act/Rule/notification version used and effective date.
- Internal tax position paper, computation and management approval.
- Correspondence, notices, replies, orders and appeal papers where applicable.
Practical Q&A
- What does rule 117 regulate?
- It regulates tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day. Read the exact text, conditions, exceptions and transaction date together.
- Which subordinate law should be checked?
- No direct CGST Rule has been certified in this phase. Notifications, circulars, forms and the corresponding SGST/UTGST layer may also apply.
- What evidence should be retained?
- Preserve the contract or transaction record, invoice or form, portal acknowledgement, payment/ledger evidence, correspondence, legal working and the official source version used.
- Can portal behaviour override the statute?
- No. Portal functionality is operational evidence; legal entitlement and liability remain controlled by the Act, Rules, notifications and binding decisions.