Retrospective Amendment to ITC Eligibility: Insertion of Sections 16(5) & 16(6) of CGST Act 2017

Ganapathi Pandi Industries Vs Assistant Commissioner (State Tax) (FAC) (Madras High Court) Retrospective Amendment to ITC eligibility – Insertion of Section 16(5) & 16(6) of the CGST Act 2017: A Comprehensive Legal Analysis after the recent decision of the Honourable Madras High Court. A: Preface: Understanding the Regulatory Landscape 1. The contemporary indirect taxation ecosystem in India represents a dynamic interplay of legislative frameworks, judicial interpretations, and evolving regulatory mechanisms. The Goods and Services Tax (GST) regime, since its inception, has been a te...