9911796707
TMI Blog2024 (8) TMI 1451X X X X Extracts X X X X X X X X Extracts X X X X ..... d returns on 07.07.2020, by which time the Input Tax Credit had partly expired - demand confirmed invoking Section 18(2) of the GST Act, 2017 - HELD THAT:- Clause 114 of the Finance (No.2) Bill, 2024 proposes to regularize the delay in filing Input Tax Credit by inserting Section 16(5) and 16(6) of the CGST Act, 2017. A similar exercise is expected in the context of TNGST Act, 2017 as well. This C ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t Year 2019-2020. 2. It appears that the Petitioner's registration was canceled and thereafter restored. Under these circumstances, the Petitioner appears to have filed belated returns on 07.07.2020, by which time the Input Tax Credit had partly expired. Therefore, invoking Section 18(2) of the GST Act, 2017, the demand has been confirmed. 3. It is noticed that the Impugned Order dated 06.10 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ent to pass a fresh order on merits and in accordance with law after the Finance Bill is passed and is enacted and the amendment to Section 16 of the respective GST Act. Therefore, the Respondents shall await for the Finance Act, to be passed by the Parliament and by the State Legislature. 7. The Writ Petition stands allowed with the above observation and direction. No cost. Consequently, connect ..... X X X X Extracts X X X X X X X X Extracts X X X X
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