Brand Equity Treaties Limited Vs Union Of India
Date: May 5, 2020
Subject Matter
Period of three years from the appointed date would be the maximum period for availing of transitional credit. Parties allowed to file TRAN-1 by 30.6.2020.
Summary
1. Rule 117 is directory in nature, insofar as it prescribes the time-limit for transitioning of credit and therefore, the same would not result in the forfeiture of the rights, in case the credit is not availed within the period prescribed. This how…
1. All the four writ petitions seek identical relief in the nature of a writ of Mandamus directing the respondents to permit the petitioners to avail input tax credit of the accumulated CENVAT credit as of 30th June, 2017 by filing declaration Form TRAN-1 beyond the period provided under the Central Goods and Services Tax Rules, 2017 (hereinafter, the “CGST Rules”). Additionally, petit…