Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
The High Court interpreted Section 140(5) of the CGST Act regarding transition of credit. The petitioner sought extension under the proviso to Section 140(5) but was rejected for not filing within the time limit. The section allows credit for duties/taxes on inputs received post the appointed day if recorded within 30 days, extendable by Commissioner for another 30 days on showing sufficient cause. The court held that the rejection based on late filing was incorrect as the provision allows for an extension. The impugned order was set aside, and the appeal was disposed of.
The High Court interpreted Section 140(5) of the CGST Act regarding transition of credit. The petitioner sought extension under the proviso to Section 140(5) but was rejected for not filing within the time limit. The section allows credit for duties/taxes on inputs received post the appointed day if recorded within 30 days, extendable by Commissioner for another 30 days on showing sufficient cause. The court held that the rejection based on late filing was incorrect as the provision allows for an extension. The impugned order was set aside, and the appeal was disposed of.
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