Case Law Details
Rameswar Metal House Vs Assistant Commissioner (ST) (Madras High Court)
Introduction
The case of Rameswar Metal House Vs Assistant Commissioner (ST) recently heard by the Madras High Court has garnered attention for its implications on the Input Tax Credit (ITC) under the Tamil Nadu Goods and Services Tax (TNGST) Rules 2017. The ruling deals with the legality of blocking ITC and provides an intriguing perspective on the applicability of Rule 86A of the TNGST Rules.
The Background
Rameswar Metal House, a wholesale dealer in stainless steel items, found its Input Tax Credit amounting to Rs. 67,75,144 blocked by the State GST authorities under Rule 86A of the TNGST Rules. This action came after the credit was unblocked by the CGST authorities earlier.
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