Court :
Madras High Court
Brief :
The Hon'ble Madras High Court in M/s Proventus Life Sciences Pvt. Ltd,v. Revenue Department [W.P.No.7423 of 2019 & W.M.P.No.8093 of 2019 dated July 28, 2022] has clarified that the benefit of the Supreme Court decision directing the Government to open the Goods and Services Tax Network ("GSTN") portal for taxpayers who wants to avail transitional credit, is available to any aggrieved registered assessee.
Citation :
W.P.No.7423 of 2019 & W.M.P.No.8093 of 2019 dated July 28, 2022
The Hon'ble Madras High Court in M/s Proventus Life Sciences Pvt. Ltd,v. Revenue Department [W.P.No.7423 of 2019 & W.M.P.No.8093 of 2019 dated July 28, 2022] has clarified that the benefit of the Supreme Court decision directing the Government to open the Goods and Services Tax Network ("GSTN") portal for taxpayers who wants to avail transitional credit, is available to any aggrieved registered assessee.
Facts:
M/s Proventus Life Sciences Pvt. Ltd ("the Petitioner") contended that in the light of the recent judgment of the Supreme Court in the case of "Union of India and another vs. Filco Trade Centre Pvt. Ltd. and another [SLP (C) Nos.32700 – 32710 of 2018 dated July 22, 2022]", the Petitioner is inclined to avail the benefit extended to all the assessee in the aforesaid order.
Issue:
Whether the Petitioner get benefit of the Supreme Court direction regarding reopening of GSTN portalfrom September 1, 2022 to October 31, 2022 to enable taxpayers to claim transitional credit?
Held:
The Hon'ble Madras High Court in W.P.No.7423 of 2019 & W.M.P.No.8093 of 2019 dated July 28, 2022has issued a series of directions as extracted below:
Judgement posted by
Service
FCA, FCS LLB with21 Yrs of Experience inTaxation Indirect and Direct: Education Qualification: B.Com (Hons) Chartered Accountants Company Secretary LLB Qualified SAP FI/CO Consultants Professional Membership: Chairmanof Indirect Tax Committee of PHD Chamber of Commerce Member of Indirec ... Read more
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English