GST Tran-1 directory not mandatory, Centre-State seeks time to counter: Calcutta HC

M/s. Rudra Autoparts Distributor Vs. Union of India (Calcutta High Court) Petitioner Rudra Autoparts Distributor filed writ petition praying to allow filing of form GST Tran 1 to enable it to claim transitional credit of eligible duties in respect of inputs held in stock on the appointed day in terms of  Section 140(3) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as CGST Act) read with Rule 117 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as CGST Rules). Declaration in form GST Tran 1 could not be filed because the firm’s business wa...