Allahabad HC allows taxpayers to submit/revised TRAN 1/2 forms

Ratek Pheon Friction Technologies Private Limited Vs Principal Commissioner (Allahabad High Court) HC held that Clear intent of the legislature is to grant benefit of CENVAT and ITC under the pre-existing laws, as may have been carried forward on the appointed date 01.07.2017. In such circumstances, if the GST Portal had worked seamlessly, all petitioners would have submitted/revised/re-revised electronically, their Forms GST TRAN-1 and/or TRAN-2 within the time granted. In that situation, all petitioners would clearly be entitled to avail ITC under the CGST Act and the UPGST Act, without any ...