2025 (10) TMI 720 - SCH - GST

Petition dismissed; quarterly claims required, no budgetary support for July-September 2017 after negative input tax credit balance

The SC dismissed the special leave petition upholding the HC's ruling that the appellant was not entitled to budgetary support for July-September 2017. ... Entitlement to budgetary support for the period July 2017 to September 2017 under the applicable scheme and notifications - rejection of claim on the ground that in terms of the computation prescribed in Circular, dated 27-11-2017, the appellant’s claim for budgetary support, after aggregating the tax liabilities and input tax credit and considering that the balance of input tax credit was in the negative, the appellant was not entitled to any budgetary support for the said period - it was held by High Court that 'Budgetary support under this scheme shall be worked out on quarterly basis for which claims shall be filed on a quarterly basis namely for January to March, April to June, July to September & October to December.' HELD THAT:- There are no good ground to interfere with the impugned order passed by the High Court - SLP dismissed. 'Delay condoned.' After hearing counsel and perusal of the materials on record, the Court stated: 'we find no good ground to interfere with the impugned order passed by the High Court.' Applying that reasoning, 'The Special Leave Petition is, accordingly, dismissed.' The order records that pending application(s), if any, 'stands disposed of.' No substantive reconsideration of the High Court's decision was undertaken; the apex court confined itself to reviewing the record and counsel submissions and concluded that interference was not warranted. Procedural disposition was summary: condonation of delay, dismissal of the Special Leave Petition, and disposal of any ancillary applications.