Input tax credit entitlement restored for past-period invoices subject to specified return-filing and revocation filing windows. Inserted sub sections allow registered persons to claim input tax credit for invoices or debit notes for specified past financial years if the section 39 return is filed by the prescribed retrospective cutoff, notwithstanding sub section (4). Where registration cancellation is revoked, taxpayers whose credit was not restricted at cancellation may claim input tax credit subject to filing either by the cutoff following the relevant financial year or by furnishing the annual return, or for the period from cancellation to revocation if a return for that period is filed within the prescribed short window from revocation, whichever is later.
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Provisions expressly mentioned in the judgment/order text.
Input tax credit entitlement restored for past-period invoices subject to specified return-filing and revocation filing windows.
Inserted sub sections allow registered persons to claim input tax credit for invoices or debit notes for specified past financial years if the section 39 return is filed by the prescribed retrospective cutoff, notwithstanding sub section (4). Where registration cancellation is revoked, taxpayers whose credit was not restricted at cancellation may claim input tax credit subject to filing either by the cutoff following the relevant financial year or by furnishing the annual return, or for the period from cancellation to revocation if a return for that period is filed within the prescribed short window from revocation, whichever is later.
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