Union Of India Vs Merchem India Pvt. Ltd
- Court:
- High Court
- Bench:
- Kerala
- Date:
- July 5, 2021
- Type:
- Writ Appeal
- Members:
- S.V.BHATTI, BECHU KURIAN THOMAS
Subject
Statute does not provide for any provision for lapsing of unutilized input tax credit for non filing of TRAN-1
Summary
1. It is significant to note that the statute does not provide for any provision for lapsing of unutilized input tax credit for non filing of TRAN-1. The input tax credit is required by law to be credited to the electronic credit ledger of an assesse…
Judgement
Appellant is aggrieved by the direction of the learned Single Judge to the IT Redressal Committee of the GST Council to consider petitioner’s request for the transition of unavailed input tax credit in accordance with law. 2. The writ petition was filed by the respondent herein, seeking a direction for credit of the input tax balance lying in the writ petitioner’s CENVAT Credit Ledger…