Avatar Petro Chemicals Private Limited Vs GST Council
Date: March 4, 2022
Subject Matter
No provision exists for lapsing of the ITC and credit availed on capital goods under the erstwhile enactments
Summary
1. There is no provision under the provisions of the respective GST enactments for lapsing of the input tax credit and the credit availed on capital goods under the respective enactments. These credits are indefeasible. They were meant for being used…
The petitioner has filed this writ petition for a Mandamus to direct the first respondent to enable the petitioner to file respondents to either open the portal so as to enable the petitioner to again file TRAN-1 electronically or to accept manually. 2. The case of the petitioner in this writ petition is that the petitioner was a Central Excise Assessee. It is submitted that as on month of June 20…