What is latest amendment in section 140 of CGST Act.Does it allow availing of Transitional Credit now?

Reply—

Notification No. 43/2020 – Central Tax dated 16th May 2020 (Amendment to section 140 of CGST Act come into force w.e.f 18th May 2020)

Section 140 of the CGST Act amended retrospectively w.e.f 01.07.2017, to prescribe the manner and time limit for taking transitional credit.

Sub-sections (1), (2), (3), (5), (6), (7), (8), (9) of sec. 140 are amended retrospectively from 1st July 2017 to enable the government to provide by rules the time limits to file TRAN-1 and for other compliances.

It does not allow availing of transactional credit now.