Grundfos Pumps India Pvt Ltd Vs Joint Commissioner, Central Tax
Date: March 12, 2023
Subject Matter
Liability to interest only arises when there has been actual utilization of ITC
Summary
The petitioner, a dealer under The Central Goods and Services Act, 2017, challenges an order passed by a respondent officer regarding interest liability on transitioned credit. The petitioner had transitioned unutilized credit but it did not reflect…
The petitioner is a dealer under The Central Goods and Services Act, 2017 (CGST Act) and assessee on the file of the respondent officer. It challenges an order in original dated 18.11.2020 that has been passed contrary to the settled judicial principles and the law laid down by the Hon’ble Supreme Court in several matters including in the case of Commissioner of Central Excise v. Bombay Dyei…