No need to reverse IGST Credit used for payment of CGST & SGST: Calcutta HC

Cosyn Limited Assistant Commissioner of State Tax (Calcutta High Court) The Calcutta High Court addressed an appeal by Cosyn Limited challenging an assessment order under the West Bengal GST Act. Initially, the writ petition was dismissed as the order was appealable. However, the court provided interim relief by staying the assessment order subject to the appellant depositing 10% of the disputed tax. After compliance, the matter was heard in detail. The appellant argued that input tax credit (ITC) of IGST used to pay SGST was appropriately apportioned to the Government of West Bengal. The depa...