High Court Validates CENVAT Credit Utilization, Affirms Unified Tax Credit Ledger Approach for Electronic Input Tax Reconciliation

High Court Validates CENVAT Credit Utilization, Affirms Unified Tax Credit Ledger Approach for Electronic Input Tax ReconciliationCase-LawsGSTHC allowed petitioner’s challenge regarding CENVAT credit utilization, affirming that input tax credit electronic

High Court Validates CENVAT Credit Utilization, Affirms Unified Tax Credit Ledger Approach for Electronic Input Tax Reconciliation
Case-Laws
GST
HC allowed petitioner's challenge regarding CENVAT credit utilization, affirming that input tax credit electronic ledger represents a unified wallet with compartments for IGST, CGST, and SGST. The court referenced prior precedent emphasizing that tax credit eligibility should be assessed based on total wallet balance, not individual compartment

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