Court ruling: Late filing not reason enough to deny transition of credit extension u/s 140(5) of CGST Act.
Case-Laws
GST
The High Court interpreted Section 140(5) of the CGST Act regarding transition of credit. The petitioner sought extension under the proviso to Section 140(5) but was rejected for not filing within the time limit. The section allows credit for duties/taxes on inputs received post the appointed day if recorded within 30 days, extendable by Commissioner for another 30 da
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