Businesses having tax credits lying for pre-GST period would be able to claim them up to June 30 this year with the Delhi high court rejecting the revenue department's arguments that these could have been taken within three months of the rollout of the indirect taxation regime.
The case relates to the rule 117 of the CGST Act, which imposed the time limt of 90 days for claiming transitional Cenvat credit, said Abhishek Rastogi, partner at Khaitan & Co, and counsel for the petitioner. GST was rolled out on July 1, 2017.
However, the court held that the time limit