ITC Denial Based on GSTR-3B & GSTR-2A Mismatch Set Aside as Import Data Was Missing from GSTR-2A

Biocon Limited Vs State of Karnataka (Karnataka High Court) ITC on import of goods and SEZ procurements cannot be denied for FY 2018-19 as GSTR 2A did not capture Import data during impugned period: Karnataka High Court The Karnataka High Court held that Input Tax Credit (ITC) relating to imports and SEZ procurements for FY 2018-19 cannot be denied merely due to mismatch between Form GSTR-3B and Form GSTR-2A, since GSTR-2A, by design, did not capture such transactions during the relevant period. The Court observed that the petitioner had inadvertently disclosed import and SEZ-related ITC under...