Procedural Mistakes in ITC Transition Shouldn’t Deny Proven Credit: Madras HC

Tvl.Moon Labels Vs Government of India (Madras High Court) If the petitioner was indeed entitled to transition such amounts under Section 140 of the TNGST Act, 2017, such credit may be allowed to be set off against the tax lability as procedural infraction in transitioning the credit should not be denied. In the case of Tvl. Moon Labels vs. Government of India, the Madras High Court ruled in favor of the petitioner, Tvl. Moon Labels, concerning the transition of input tax credit under the Tamil Nadu Goods and Services Tax (TNGST) Act, 2017. The court addressed the procedural aspects of transit...