The petitioners' belated input tax credit denial u/s 16(4) of ...

High Court overturns denial of input tax credit by petitioners. Cases remitted for fresh decision. Possible benefits if Finance Bill proposals enacted. Petitioners to deposit 25% disputed tax.

Case Laws GST

August 7, 2024

The petitioners' belated input tax credit denial u/s 16(4) of GST Acts overturned by High Court. Orders set aside, cases remitted to Assessing Officer for fresh decision as per Finance Act, 2024. If proposals in Finance Bill, 2024 are enacted, petitioners may benefit. Petitioners to deposit 25% disputed tax, excluding input tax credit denial, for orders on merits. Petition disposed off.

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The petitioners' belated input tax credit denial u/s 16(4) of ...

High Court overturns denial of input tax credit by petitioners. Cases remitted for fresh decision. Possible benefits if Finance Bill proposals enacted. Petitioners to deposit 25% disputed tax.

Case Laws GST

August 7, 2024

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