Right to avail Transitional Credit not affected due to amendment prescribing ITC time limit
Last updated: 16 September 2021
Court :
Delhi High Court
Brief :
In Micromax Informatics Ltd vs. Union of India &Ors. [W.P.(C) 8026/2021 & CM 24992/2021 dated September 02, 2021], the Micromax Informatics Ltd ("the Petitioner") who is seeking the benefit of Transitional Credit has filed the current petition by challenging the retrospective amendment brought forth vide Notification No. 43/2020 - Central Tax dated May 16, 2020 which notified changes made vide Section 128 of the Finance Act, 2020 in the Section 140 of the Central Goods and Services Tax Act, 2017 ("the CGST Act") by prescribing time limit for taking the Input Tax Credit ("ITC").
Citation :
W.P.(C) 8026/2021 & CM 24992/2021 dated September 02, 2021
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Bimal Jain
Published in GST
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