Input tax credit eligible under section 16(5) and 16(6) of CGST Act: Gauhati HC

Jyotirmoyee Drugs And Anr. Vs Union of India And 3 Ors. (Gauhati High Court) Gauhati High Court held that petitioner is entitled to claim input tax credit subject to conditions prescribed to newly inserted section 16(5) and section 16(6) of the CGST Act, 2017 which are inserted vide Finance (No.2) Act, 2024. Facts- The petitioners are engaged in an execution of wholesale/distributor business of drugs. The petitioner is a registered assesee under the provisions of Central Goods and Services Tax Act, 2017/ Assam Goods & Services Tax Act, 2017. The petitioner is aggrieved that the time limit ...