SC allows taxpayers to claim pre-GST accumulated ITC in a 60-day window

In a landmark decision that could free up hundreds of crores of rupees in input tax credit (ITC), the Supreme Court on Friday allowed all affected taxpayers to claim accumulated ITC accrued in the pre-GST indirect tax regime in 60 days ending October 30. GST Network portal to provide facility for all assesses to claim transitional credit from September 1 till October 30, the SC said disposes…