Madras HC Allows Belated ITC Claims Under Tamil Nadu GST Act

Sunder and Company Vs Union of India (Madras High Court) The Madras High Court has quashed several assessment orders issued under Section 73 of the Tamil Nadu Goods and Services Tax Act, 2017, related to belated claims for Input Tax Credit (ITC). The court’s decision, in the case of Sunder and Company vs. Union of India, centered on the interpretation of a new provision, Section 16(5), introduced via the Finance Act, 2024. The petitioners’ ITC claims for the financial years 2017-18 and 2018-19 were made before November 30, 2021, which, according to the court, falls within the scope of ...