Order Reducing 1% ITC under Rule 86B Set Aside for Lack of Personal Hearing

Sri Shivsakthi Mercantile Private Limited Vs Assistant Commissioner (ST) (Madras High Court)

The Madras High Court recently reviewed a writ petition challenging an order under Rule 86B of the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017, regarding the reversal of 1% Input Tax Credit (ITC) for a company. The petitioner argued that they were exempt from this rule due to their income tax payments exceeding Rs. 1,00,000 from FY 2019-2020, which should have allowed them to claim 100% ITC. The company contended that they were unaware of the notices uploaded on the GST portal under

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