Can you please elaborate the transition provisions with respect to stock in hand . To give a practical example : I am a wholesaler of Perfumes. These used to be in the 14.5% VAT bracket but will now fall under 28% GST bracket. I am sure that i can claim the Input vat credit of 14.5%, But what will happen to the difference between the new GST rate and the old vat rate. will I have to pay the difference from my pocket when i sell to my customers ?