ITC cannot be denied without considering submission of the petitioner

TVL. Cleon Optobiz Pvt Ltd Vs Assistant Commissioner (ST) (Madras High Court) A recent writ petition filed by Cleon Optobiz Pvt Ltd against the Assistant Commissioner (ST) challenges an order dated 19.09.2023 related to the financial year 2020-2021. The petitioner, a registered entity under GST laws, contests the reversal of Input Tax Credit (ITC) availed on purchases from M/s. Prince Sales Agency. The primary contention is that the reversal was based on the subsequent cancellation of M/s. Prince Sales Agency’s GST registration, which the petitioner argues should not affect their ITC cla...