Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
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The petitioner had unutilized Input Tax Credit (ITC) of Rs.2,42,15,906/- under the VAT Act for the period from 1st April 2017 to 30th June 2017, which was carried forward to the GST regime by filing Form GST TRAN 1. Subsequently, the petitioner reversed the ITC in the Electronic Credit Ledger by filing Form DRC-03. The High Court, relying on its previous decision in R. N. Laboratories Pvt. Ltd., directed the respondent authorities to process the petitioner's application for refund of Rs.2,42,15,906/- along with statutory interest payable u/s 38 of the VAT Act, as the petitioner had not availed any credit amount carried forward to GST. The authorities were directed to complete the exercise within 12 weeks from the date of receipt of the order.
The petitioner had unutilized Input Tax Credit (ITC) of Rs.2,42,15,906/- under the VAT Act for the period from 1st April 2017 to 30th June 2017, which was carried forward to the GST regime by filing Form GST TRAN 1. Subsequently, the petitioner reversed the ITC in the Electronic Credit Ledger by filing Form DRC-03. The High Court, relying on its previous decision in R. N. Laboratories Pvt. Ltd., directed the respondent authorities to process the petitioner's application for refund of Rs.2,42,15,906/- along with statutory interest payable u/s 38 of the VAT Act, as the petitioner had not availed any credit amount carried forward to GST. The authorities were directed to complete the exercise within 12 weeks from the date of receipt of the order.
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