2024 (10) TMI 609 - HC - GST

Input service distributor entitled to transition the credit from the past indirect tax regime to the GST Regime under Section 140 of the CGST Act or not - HELD THAT - It would be proper to direct the relevant proper officer under the CGST and SGST Acts to deal with the Finance (No. 2) Act, 2024 coming into force on the date specified in N/N. 17/24 dated 27 September 2024 in accordance with law and after taking cognisance of The Finance (No. 2) Act, 2024. This petition is disposed of.

Summary

The Bombay High Court heard a case where the petitioner sought relief regarding transition of credit from past indirect tax regime to GST regime under Section 140 of the CGST Act. The court disposed of the petition directing the proper officer under CGST and SGST Acts to handle the remaining reliefs in accordance with law after considering The Finance (No. 2) Act, 2024. No costs were awarded, and all contentions and remedies were left open for consideration by the proper officer.