Delhi HC quashed ₹17 Cr GST ISD credit denial, remands issue for reevaluation

Haier Appliances India Pvt Ltd Vs Union of India & Ors. (Delhi High Court) The petitioner is a leading manufacturer of electrical appliances. It filed Form Trans-1 for transition into GST regime. The credit lying at the Input Service Distributor (ISD) was also transitioned. The Revenue objected and proposed to deny credit of over Rs.17 crores on the ground that there was no mechanism for transition of credit lying with ISD. Demand was confirmed along with interest and penalties. Such order was challenged in writ petition. The Hon’ble Delhi High Court set aside the order and allowed the w...