TRAN – 1 credits: A welcome judgement by Madras High Court

TRAN - 1 credits: A welcome judgement by Madras High Court

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TRAN – 1 credits: A welcome judgement by Madras High Court

While hearing a petition seeking re-opening of GST TRAN-1, has expressed a view that the input tax credit, is a substantive right, cannot be denied to the assessees on the ground of procedural grounds.
Court observed that due date contemplated under the laws to claim the transitional credit is procedural in nature. In view of the GST regime and the IT platform being new, it may not be justifiable to expect the users to back up digital evidence. Even under the old taxation laws, it is a settled legal position that substantive input credits cannot be denied or altered on account of procedural grounds.
Tara Exports – WP (MD) 18532 of 2018

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