ITC of earlier period allowed if GST returns filed by 30th November 2021: Karnataka HC

Varshini Lift Tech And Earth Movers Vs Assistant Commissioner of Commercial Taxes (Karnataka High Court) Karnataka High Court held that virtue of insertion made vide Finance (No.2) Act, 2024, which has retrospective amendment from 01.07.2017, input tax credit (ITC) in respect of the financial year 2017-18, 2018-19, 2019-20, 2020-­21 allowed if the return is filed up to 30th November 2021. Facts- The petitioner is a proprietory concern engaged in the services of, inter alia, manpower supply along with essential equipment services, etc. The petitioner was issued with a show-cause notice dated 2...