Invoice-based recovery claims remain time-barred despite separate winding-up proceedings, absent valid acknowledgment or part-payment of the disputed ...
Extended limitation fails without specific suppression allegations, while overseas employee secondment remains taxable as manpower supply within norma...
Time-share accommodation classification excludes Club or Association Service where purchasers receive contractual occupancy rights without genuine mem...
CENVAT credit for trading requires reversal, while taxable-service rental credit remains proportionately available and limitation issues await resolut...
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The HC held that the restriction imposed by the Respondents on transferring un-utilized ITC post-merger/amalgamation under Section 18(3) CGST Act, 2017, based on differing States/UTs of transferor and transferee, is not supported by the statutory scheme. The Court clarified that the CGST Act prescribes specific timelines for ITC claims and permits transfer of ITC to a new entity arising from amalgamation or merger without imposing a same-State requirement. Legislative intent must be ascertained from the statute's language without adding or substituting words. Consequently, the Petitioner, a new entity formed by amalgamation, is entitled to the transfer of ITC from the transferor company despite differing States. The petition was allowed, directing the Respondents to enable ITC transfer accordingly.
The HC held that the restriction imposed by the Respondents on transferring un-utilized ITC post-merger/amalgamation under Section 18(3) CGST Act, 2017, based on differing States/UTs of transferor and transferee, is not supported by the statutory scheme. The Court clarified that the CGST Act prescribes specific timelines for ITC claims and permits transfer of ITC to a new entity arising from amalgamation or merger without imposing a same-State requirement. Legislative intent must be ascertained from the statute's language without adding or substituting words. Consequently, the Petitioner, a new entity formed by amalgamation, is entitled to the transfer of ITC from the transferor company despite differing States. The petition was allowed, directing the Respondents to enable ITC transfer accordingly.
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