2024 (11) TMI 590

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..... 2024 - - - 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 in .....

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..... s CGST, 2017 for short) by Respondent No. 4, wherein by relying upon provisions of Section 16(4) of the CGST Act, 2017, Input Tax Credit (hereinafter referred as ITC for short) to the tune of Rs. 11,93,004/- has been disallowed for the Financial Year 2019-20 and Petitioner has been directed to reverse the said amount of ITC along with applicable rate of interest and penalty on the sole ground that .....

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..... f the Central Goods and Services Tax Act, 2017 has been inserted extending the period for filing of returns prescribed under Section 39 of the CGST Act, 2017 i.e. GSTR-3B returns upto 30th November, 2021 for the Financial Year 2017-18 to 2020-21 and Petitioner filed its returns in GSTR-3B within the said extended period. 2) Heard both sides. 3) In view of Clause (5) of Section 16 inserted by the F .....

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