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Home Highlights March 2023 Year 2023 This

Seeking refund of reversal of the Input Tax Credit (ITC) ...


Court Orders Reversal of Wrongly Reversed ITC with 6% Interest; Follows Bhumi Associates Case Precedent.

March 3, 2023

Case Laws     GST     HC

Seeking refund of reversal of the Input Tax Credit (ITC) reversed under threat, coercion and without the Will of the petitioner - Assuming that the directions contained in the Bhumi Associates at the interim stage, no authority should forget that its own Board had followed it subsequently by issuing the instructions on the basis thereof and same had also received the scrutiny at the end of Delhi High Court. - the respondent-revenue is required to reverse the ITC along with 6% interest - HC

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