Madras HC Sets Aside Order Over Credit Not Considered in GSTR-2A

Oasys Cybernetics Private Limited Vs State Tax Officer (Madras High Court) Summary: The Madras High Court, in the case of Oasys Cybernetics Private Limited vs. State Tax Officer (W.P. No. 16224 of 2024, dated July 9, 2024), addressed a dispute where Input Tax Credit (ITC) reflected in GSTR-2A was not considered during the assessment process. The petitioner, M/s. Oasys Cybernetics, contested an adjudication order dated March 7, 2024, alleging the failure to acknowledge 11 bills of entry auto-populated in GSTR-2A. This oversight led to an erroneous tax demand of ₹77,59,284. The petitioner’s ...