Gauhati HC Orders Reconsideration of GST ITC Demands, Cites Amended Section 16

ITI Ltd Vs Union of India And 6 Ors (Gauhati High Court) In a decision providing relief to ITI Ltd., the Gauhati High Court has set aside an order from the Additional Commissioner, Dimapur, CGST Division, and remitted the matter for fresh consideration. The case concerned a dispute over the availment of input tax credit (ITC) and other related tax demands. The petitioner, ITI Ltd., argued that its issues regarding ITC were largely resolved by a new amendment to Section 16(5) of the CGST Act, introduced by the Finance Act, 2024. The company further contended that the impugned order dated Novemb...