Transitional Provisions

Transitional Provisions.-

1. (1) A dealer, other than a person opting to pay tax under sub-section
2. (2) of section 6, shall be entitled to take, in his electronic credit ledger, credit of the amount of Input Tax Credit as available under the Rajasthan Value Added Tax Act, 2003( Act No. 4 of 2003), if any, carried forward in the return relating to the period ending with the day immediately preceding the appointed day, furnished by him under the repealed Act in such manner as may be determined by the Commissioner.
3. (2) Save as otherwise provided in this section, the goods sold on or after the appointed day in pursuance of a contract entered into prior to the appointed day shall be liable to tax under the provisions of this Act.
4. (3) Every proceeding of assessment, appeal, revision or relating to a claim for input tax credit initiated whether before, on or after the appointed day under the repealed Act shall be disposed of in accordance with the provisions of the repealed Act.
5. (4) Where in pursuance of an assessment proceedings instituted, whether before, on or after the appointed day under the repealed Act, any amount of tax, interest, fine or penalty becomes recoverable from the person, the same shall, unless recovered under the repealed Act, be recovered as an arrear of tax under this Act and the amount so recovered shall not be admissible as input tax credit under this Act.