TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
When case Id is present, search is done only for this
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Case Laws
of of All Case Laws
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Notice on whether registered dealers may claim unutilised input tax credit under pre-GST VAT for closing stock after 1-7-2017</h1> <h3>New India Rice Industries Versus The Commissioner, Commercial Tax U.P. Lucknow</h3> 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 ... Whether after the introduction of the Goods and Services Tax Act from 1-7-2017, the registered dealers were entitled for the benefit of the unutilised input tax credit accrued under the U.P. Vat Act though having closing stocks? - HELD THAT:- Issue notice. Tag along with SLP(C) Diary No.37625/2025. '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.
TaxTMI 
TaxTMI 
