2019 (3) TMI 149 – DELHI HIGH COURT – TMI – Application for stay of the impugned order – VAT paid under the pre-GST regime – claim for input tax credit – Held that:- As an interim arrangement, we direct the petitioner to deposit of ₹ 5,11,60,450/- with the respondent authorities within 3 weeks from today. On the deposit being made, the same would be converted into an interest bearing FDR for a period of nine months. The FDR amount and the interest accrued thereon would abide by further orders of this Court – It is made clear that this is only an interim arrangement and the Court has not expressed any firm and final view.
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List on 19.02.2019. – w.p.(C) no. 10999 of 2018 C.M. Appl. Nos. 42815, 42816 And 48246 of 2018 Dated:- 20-1
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application for stay of the impugned order passed by the second respondent dated 18.09.2018. 2. We have issued notice in the present writ petition as the matter requires consideration. Counsel for the petitioner has drawn our attention to the computation made vide paragraphs 32 onwards. The petitioner, it is stated, had paid VAT under the pre-GST regime. Input tax credit of ₹ 8.69 crores was claimed under the post GST regime for period between 1st July, 2017 to 28th February, 2018. ₹ 7.16 crores was paid in cash in August, 2017 and ₹ 5.39 crores was paid through input tax credit. No tax has been paid thereafter. It is stated that the last instalment was accounted for making adjustment against input tax credit. In other wor
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