Delhi High Court allows Transition of Pre-GST Credit to GST till 30 June 2020
Delhi High Court, in a virtual hearing, holds that the time limit prescribed under Rule 117 of CGST Rules is only directory and not mandatory and thus, assessee’s claim for CENVAT credit beyond time limit prescribed under Rule 117 cannot be denied. Further mentions that this benefit of transitional credit will be available for a period of 3 years as mentioned in the Limitation Act. It also orders that extended time limit of 3 years should be applicable not only qua the petitioners but to all other petitioners who are facing the hardship of account of denial of transitional credits.
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