Patna HC Allows Rectification of ITC Claim Under GST

Platinum Ispat Industries Pvt. Ltd. Vs Union of India through the Commissioner of Central Tax (Patna High Court)

Patna High Court addressed a dispute regarding the denial of input tax credit (ITC) to Platinum Ispat Industries Pvt. Ltd. for the months of January to March in the assessment year 2018-19. The petitioner contested an assessment order dated April 9, 2024, which rejected their ITC claim due to delayed return filings in February 2020. The petitioner argued that the newly introduced Section 16(5) of the CGST Act allows ITC claims for financial years 2017-18 to 2020-21, prov

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