Time Limit under GST transactional credit, mandatory holds Madras High Court- The Hon’ble High Court of Madras vide order dated 13.07.2020 held that the time limit for availing Transitional Input Tax Credit (ITC) is mandatory in nature and not directory. The High Court also ruled that the Input Tax Credit is a form of concession and not a property, in which right can be vested and hence, the time limit prescribed to avail such a concession under Rule 117 must be followed in a mandatory nature. https://www.reddyandreddy.org/time-limit-under-gst-transactional-credit-mandatory-holds-madras-high-court/?fbclid=IwAR0Y6b8qoG3yv7TMMyYHEvY1Zrpjesf9SOlWdtnsnwxWyf7hTkyybEelCLE Reddy & Reddy Law Firm, Pune consists of a team of lawyers who with expertise in handling matters related to business law.
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Time Limit under GST transactional credit, mandato...
2020-07-22T08:50:56
Time Limit under GST transactional credit, mandatory holds Madras High Court- The Hon’ble High Court of Madras vide order dated 13.07.2020 held that the time limit for availing Transitional Input Tax Credit (ITC) is mandatory in nature and not directory. The High Court also ruled that the Input Tax Credit is a form of concession and not a property, in which right can be vested and hence, the time limit prescribed to avail such a concession under Rule 117 must be followed in a mandatory nature. https://www.reddyandreddy.org/time-limit-under-gst-transactional-credit-mandatory-holds-madras-high-court/?fbclid=IwAR0Y6b8qoG3yv7TMMyYHEvY1Zrpjesf9SOlWdtnsnwxWyf7hTkyybEelCLE Reddy & Reddy Law Firm, Pune consists of a team of lawyers who with expertise in handling matters related to business law.
2020-07-22T08:50:56
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