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2020 (2) TMI 278 - HC - GSTReopening of portal for filing of TRAN-1 Form - carry forward of input tax credit from pre-GST regime - transition to GST regime - HELD THAT - We have permitted the advocates for the Petitioners to address on the challenge to the Rule. The Respondents have completed their oral arguments. The learned counsel for the Petitioners seek time for rejoinder on the issue of the validity of the Rule. Petition to stand over to 13 February 2020 at 3.00 p.m.
Issues involved:
Challenge to denial of Input Tax Credit from pre-GST regime, validity of Rule 117 under Central Goods and Services Tax Act, 2017, permission to submit TRAN-1 Form. Detailed Analysis: 1. Challenge to Denial of Input Tax Credit: The group of matters before the court involves challenges by the Petitioners against the denial by the Respondents to carry forward the Input Tax Credit from the pre-GST regime. The Petitioners have raised various issues regarding this denial. 2. Validity of Rule 117: The primary issue addressed in Writ Petition No.6998/2018 is the challenge to Rule 117 under the Central Goods and Services Tax Act, 2017, being ultra vires. The court has decided to address this challenge first, as it is common to all the petitions. The Petitioners seek permission to open the portal to submit the TRAN-1 Form. 3. Proceedings and Directions: The court has allowed the advocates for the Petitioners to present arguments on the challenge to Rule 117, following which the Respondents have completed their oral arguments. The Petitioners have requested time for rejoinder on the validity of the Rule, and the court has scheduled the next hearing for Writ Petition No.6998/2018 on 13 February 2020 at 3.00 p.m. 4. Future Course of Action: The court has instructed the advocates to file a summary of their oral arguments before the next hearing date. For the other related petitions, they are to be listed for directions on 24 February 2020, pending the decision in Writ Petition No.6998/2018 regarding the validity of Rule 117. This comprehensive summary outlines the key issues involved in the legal judgment, focusing on the challenges to the denial of Input Tax Credit, the validity of Rule 117, and the procedural steps taken by the court to address these issues effectively.
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