Siemens India Ltd. Vs Union of India (Bombay High Court)
Date: February 28, 2024
Court: High Court
Bench: Bombay
Type: Writ Petition
Judge(s)/Member(s): FIRDOSH P. POONIWALLA, G. S. KULKARNI
Subject Matter
ISDs have a right to transition ITC under the CGST Act
Summary
The case law pertains to a batch of petitions filed by registered Input Service Distributors, raising issues regarding the transition of Input Tax Credit available to them on 1 July 2017, when the CGST Act was brought into force. The petitioners argu…
FULL TEXT OF THE JUDGMENT/ORDER OF BOMBAY HIGH COURT 1. The petitioners in this batch of petitions are registered as Input Service They raise an issue in regard to the transition of the Input Tax Credit available with them on the appointed day (1 July 2017), that is, when the Central Goods and Services Tax Act, 2017 was brought into force. 2. The petitioners contend that such input tax credit was…