SHOULD WE FILE WRIT PETITION AGAINST GST LAPSED BY NOTIFICATION NO 20/2018
Query (Issue) Started By: – Gopikishan Kabra Dated:- 13-10-2018 Last Reply Date:- 15-10-2018 Goods and Services Tax – GST
Got 3 Replies
GST
PLEASE ADVICE SHOULD WE FILE WRIT PETITION AGAINST LAPSE GST NOTIFICATION ON FOLLOWING POINTS.
1. THE NOTIFICATION IS ON RECOMMENDATION OF GST COUNCIL BUT IN THE MINUTES OF GST COUNCIL THERE IS NO ANY RECOMMENDATION TO LAPSE THE ITC.
2.THE SURPLUS ITC IS OUR CURRENT ASSETS AND PART OF OUR WORKING CAPITAL .WE HAVE PAID VALUE IN CASH FOR IT AND IN CONSIDERATION OF IT RIGHT TO UTILIZE THE SAME IN FUTURE WAS GRANTED BY THE ACT AND ITC IS ACCUMULATED WITH RIGHTS TO UTILIZE IN FUTURE HENCE IT MAY NOT BE FORFEITED.
3.THE
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =