Judicial Corner: GST:  HC set aside orders denying ITC availed by assessee belatedly since Parliament has proposed to amend Sec. 16(4): Where assessment orders denying ITC availed by assessees belatedly beyond statutory period prescribed under section 16(4) were challenged, since Parliament itself had come to rescue of assessees by proposing to amend section 16(4) to allow them to take ITC in any return under filed for Assessment Year – 2017 to 2021, impugned orders were to be set aside and cases were to be remitted back to Assessing Officer to pass fresh order.(16.09.2024)

GST: 

HC set aside orders denying ITC availed by assessee belatedly since Parliament has proposed to amend Sec. 16(4):

Where assessment orders denying ITC availed by assessees belatedly beyond statutory period prescribed under section 16(4) were challenged, since Parliament itself had come to rescue of assessees by proposing to amend section 16(4) to allow them to take ITC in any return under filed for Assessment Year – 2017 to 2021, impugned orders were to be set aside and cases were to be remitted back to Assessing Officer to pass fresh order.

[IN THE HIGH COURT OF JUDICATURE AT MADRAS, sagar Brush Industries Versus State Tax Officer decided on 29-7-2024]