Transitional Credit eligible only when claimed within time: HC

P.R. Mani Electronics Vs Union of India (Madras High Court)

Section 140 of the CGST Act read with Rule 117 of the CGST Rules enables a registered person to carry forward the accumulated ITC under erstwhile tax legislations and claim the same under the CGST Act. In effect, it is a transitional provision as is evident both from Section 140 and Rule 117. In light of the judgment of the Supreme Court in Jayam, the contention of the learned counsel for the Petitioner to the effect that ITC is the property of the

Please become a Premium member. If you are already a Premium member, login here to access the full content.