ITC not deniable for retrospective cancellation of seller’s GST Registration: Madras HC

Opal Energy Solution Private Ltd. Vs Commercial Tax Officer (Madras High Court) The Madras High Court considered a writ petition challenging reassessment proceedings initiated under Section 27 of the Tamil Nadu Value Added Tax Act, 2006. The reassessment proposed reversal of Input Tax Credit (ITC) under Section 19(16) on the ground that the petitioner had purchased goods from three dealers whose registrations had subsequently been cancelled. The petitioner contended that all purchases were genuine and had been made from registered dealers. It was submitted that the dealers’ registrations wer...