Belated ST-3 Return Cannot Deny TRAN-1 Credit: Bombay HC

Pyramid Infratech Co Vs Union of India (Bombay High Court) Transitional CENVAT Credit Cannot Be Denied Merely Due to Belated ST-3 Returns When Service Tax Payment Is Established The petitioner is engaged in construction and sale of buildings/flats. CIDCO leased (long term lease) a plot of land to the petitioner. It charged service tax thereon. The petitioner claimed credit. The said credit was transitioned into the GST regime by filing Trans-1 Form under section 140 of the Act. The said credit of over Rs.4.5 crores was denied on the ground that the petitioner filed belated ST-3 returns and hen...