Namoshivai Apparels Pvt Ltd Vs Union Of India
Date: March 17, 2023
Subject Matter
Blocking the ITC beyond the period of one year by unblocking if after the expiry of one year and immediately blocking it thereafter would prima-facie amount to overreaching the provisions of Rule 86A(2)
Summary
One of the questions that arises for consideration of this Court is whether the respondent can continue blocking the Input Tax Credit beyond the period of one year by unblocking if after the expiry of one year and immediately blocking it thereafter.…
1. Exemption allowed, subject to all just exceptions. 2. The application stands disposed of. WP.(C) 3365/2023 & CM APPL. 13054/2023 3. Issue notice. 4. Learned counsel for the respondent accepts notice. 5. One of the questions that arises for consideration of this Court is whether the respondent can continue blocking the Input Tax Credit beyond the period of one year by unblocking if aft…