2024 (11) TMI 590 - HC - GST

Disallowance of Input Tax Credit - filing of returns prescribed under Section 39 of the CGST Act, 2017 - HELD THAT - In view of Clause (5) of Section 16 inserted by the Finance (No. 2) Act, 2024, with effect from 01.07.2017, the respondents are directed to allow the petitioner to take Input Tax Credit in respect of delayed returns filed for the Financial Year 2019-20, and the interest and penalty levied on the petitioner by the respondents shall be refunded with 6% p.a. interest from the date of such collection till the date of repayment. This writ petition stands disposed of.

Summary

The High Court allowed the petitioner to claim Input Tax Credit for delayed returns filed in the Financial Year 2019-20. The interest and penalty imposed on the petitioner were directed to be refunded with 6% interest p.a. The writ petition was disposed of.