Transitional Credit Under GST Not Allowable For Capital Goods Received After 1 July 2017,Upholds Recovery Of Ineligible CENVAT Credit : Patna High Court
The Patna High Court, in a significant ruling concerning transitional tax provisions, has upheld the recovery of ₹8,62,566 from M/s JMD Alloys Ltd., holding that transitional credit under the GST regime is not available for capital goods received after July 1, 2017. The judgment was passed by a Division Bench comprising Justices Rajeev Ranjan Prasad and Ramesh Chand Malviya in a Civil Writ Jurisdiction Case filed by the petitioner company.…
