Ranjan Sarkar Vs Assistant Commissioner of State Tax
Date: March 5, 2024
Subject Matter
Taxpayer need not pay the interest on the Input Tax Credit (ITC) availed and reversed but the same has not been utilized
Summary
The Calcutta High Court, Circuit Bench at Jalpaiguri, ruled in favor of the taxpayer in the case of Ranjan Sarkar Vs Assistant Commissioner of State Tax. The case addressed the issue of wrongful availment of Input Tax Credit (ITC) and its reversal wh…
FULL TEXT OF THE JUDGMENT/ORDER OF CALCUTTA HIGH COURT The issue involved in the present mater i.e. whether any interest can be levied under Section 50(3) of the West Bengal Goods and Service Tax Act 2017 in cases of wrong availment of Input of Tax Credit and reversal thereof, is no more res integra in view of Circular No. 192 /04/ 2023 – GST, dated 17.7.2023 and also the judgments of variou…