Case LawW.P. No. 23107 of 2021
Vikas Elastochem Agencies Private Limited Vs Deputy Commr
- Court:
- High Court
- Bench:
- Madras
- Date:
- December 3, 2021
- Type:
- Writ Petition
- Members:
- C Saravanan
Subject
Transitional credits cannot lapse on account of technical glitches
Transition
Summary
No doubt, the petitioner was required to file GST Tran 1 with correct information. However, the Courts have taken note of the fact that there were difficulties in making proper declarations in Tran 1 at the initial phase of implementation of the GST…
Judgement
The petitioner was registered as a first stage dealer under the provisions of erstwhile Central Excise Rules 2002. The petitioner attempted to transition the credit of the input tax credit of the goods lying in stock in by filing Tran 1 on 10.11.2017. It is the case of the petitioner that instead of making a proper entry against 7(a) of Tran 1, the petitioner has made an entry in 7(d). 2. Since th…