Notice on whether registered dealers may claim unutilised input tax credit under pre-GST VAT for closing stock after 1-7-2017 SC issued notice on the question whether, after introduction of GST on 1-7-2017, registered dealers are entitled to benefit of unutilised input tax credit ...
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Notice on whether registered dealers may claim unutilised input tax credit under pre-GST VAT for closing stock after 1-7-2017
SC issued notice on the question whether, after introduction of GST on 1-7-2017, registered dealers are entitled to benefit of unutilised input tax credit accrued under the U.P. VAT Act despite having closing stocks. The Court did not decide the substantive entitlement and directed that the matter be tagged with the pending SLP(C) Diary No.37625/2025 for joint hearing.
"Delay condoned." "Exemption Applications are allowed." The petition raises whether, after introduction of the Goods and Services Tax Act effective 1-7-2017, registered dealers are entitled to benefit from unutilised input tax credit accrued under the U.P. VAT Act despite holding closing stocks. The Court has issued notice and directed the matter to be tagged along with SLP(C) Diary No.37625/2025 for joint consideration. Dasti service is permitted. Procedural formalities completed include condonation of delay and allowance of exemption applications; substantive adjudication will proceed on the posted question of law regarding transitional entitlement to VAT-era input tax credit for closing stock post-GST enactment.
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