Business Standard

Saturday, December 21, 2024 | 07:50 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

HC rejects revenue dept arguments, allows pre-GST credit till June 30

Court says 90-day limit after GST rollout under rule 117 of CGST Act, on which revenue dept relied, is directional, not mandatory

GST, goods and service tax
Premium

In a virtual hearing, the court held that the period of three years would be available for claiming these credits in line with the provisions of the Limitation Act.

Indivjal Dhasmana New Delhi
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

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in