Section 16(5) Applicable for ITC Claims Beyond Time Limit of Section 16(4) of GST Act

Maipper Precision Plastics Vs Deputy State Tax Officer (Madras High Court) Madras High Court directed to consider Section 16(5), inserted vide Section 118 of the Finance (No. 2) Act, 2024, for Input Tax Credit claimed beyond period stipulated u/s. 16(4) of the GST Act. Thus, writ disposed of accordingly. Facts- The petitioner is a supplier of precision plastic, metal components and assemblies for global car manufacturers and is registered under the GST Act. During the relevant period of 2017-18 and 2019-20, the petitioner had filed the returns and paid appropriate taxes. However, on verificati...