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. Applying the Circular dated 27-11-2017, the computation aggregated tax liabilities and input tax credit, yielding a negative input tax credit balance and no payable budgetary support. The HC's interpretation that claims must be filed and worked out on a quarterly basis (Jan-Mar, Apr-Jun, Jul-Sep, Oct-Dec) was affirmed, and no interference with the impugned order was warranted.

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"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.

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