INDUSIND MEDIA COMMUNICATIONS LTD. & ANOTHER & ANR. Versus UNION OF INDIA & ORS.
GST
2018 (10) TMI 999 – DELHI HIGH COURT – 2018 (19) G. S. T. L. 643 (Del.)
DELHI HIGH COURT – HC
Dated:- 16-10-2018
W. P. (C) 8691\/2018, CM Nos. 38569\/2018 & 43568\/2018
GST
MR. S. RAVINDRA BHAT AND MR. A. K. CHAWLA JJ.
\nPetitioners Through: Mr. Monish Panda and Mr. Mrinal Bharat Ram, Advs.
\nRespondents Through: Mr. Gautam Narayan, ASC, GNCTD with Ms. Urvi Mohan and Mr. Shivan Vij, Advs. Mr. Amit Bansal, Sr. Standing Counsel with Mr. Rishab Gulati, Adv.
\nORDER
\nWe have heard counsel for the parties.
\nIn the previous order, this court had noticed the petitioners' basic grievance with respect to its credits not being reflected in its <\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n document invoice = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n sal Forum of the GST Council which has noted in its minutes of meeting dated 21.08.2018 that the petitioners have a grievance which needs to be addressed. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" INDUSIND MEDIA COMMUNICATIONS LTD. & ANOTHER & ANR. Versus UNION OF INDIA & ORS.GST2018 (10) TMI 999 – DELHI HIGH COURT – 2018 (19) G. S. T. L. 643 (Del.)DELHI HIGH COURT – HCDated:- 16-10-2018W. P. (C) 8691\/2018, CM Nos. 38569\/2018 & 43568\/2018 GSTMR. S. RAVINDRA BHAT AND MR. A. K. CHAWLA JJ. Petitioners Through: … Continue reading “INDUSIND MEDIA COMMUNICATIONS LTD. & ANOTHER & ANR. Versus UNION OF INDIA & ORS.”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14527","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14527"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/14527\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
For full text:-Visit the Source <\/a><\/p>\n
\n
\nITC Central Tax transferred
\n
\n
\n
\n
\n
\n
\nNo.
\nDate
\n
\n1.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n37AABCG219B226
\n001
\n24\/08\/2017
\n900000
\n2.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n18AABCG221981Z7
\n002
\n24\/08\/2017
\n2000000
\n3.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n07AABCG2219B1ZA
\n12
\n24\/08\/2017
\n745000.00
\n4.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n24AABCG2219B2ZD
\n11
\n24\/08\/2017
\n52100000
\n5.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n29AABCG2219B2Z3
\n10
\n24\/08\/2017
\n21800000
\n6.
\nAABCG2219B5D002
\n062017
\n24\/08\/2017
\n37,33,83,587 .00
\n09AABCG2219B1Z6
\n009
\n24\/08\/2017
\n3133427
\n7.
\nAABCG2219B5<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n
\nIt is highlighted that the reflection of Tran-I credit in GSTR-3 is essential as it would ultimately impact the availability of credit for the entire duration – both transitional credit and input credit for the period 01.07.2017 onwards. Learned counsel submits that unless appropriate directions are given to the respondents, it is likely to face severe adverse financial crisis because in the absence of credit, it would have to pay cash throughout the country to the tune of Rs. 37 crores.
\nThe GSTR-3B form – in the relevant table dealing with eligible ITC, talks of total ITC available; IT<\/p>\n
For full text:-Visit the Source <\/a><\/p>\n