https://www.taxtmi.com/caselaws?id=403985 Transitional input tax credit under Section 140 of the CGST Act and Rule 117 of the CGST Rules is examined on whether such credit is a vested right, whether a time limit for transition or utilisation is constitutionally impermissible, whether Rule 117 is mandatory or directory, whether the statutory scheme merely regulates enforcement of the credit, whether a legitimate expectation exists to carry forward credit without temporal restriction, and whether denial of the credit amounts to double taxation. The writ petitions were not finally decided and were posted for further hearing, with notice issued to the remaining respondents. en-us Fri, 07 Aug 2020 00:00:00 +0530 Mon, 24 Mar 2025 11:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403985 Transitional input tax credit under Section 140 of the CGST Act and Rule 117 of the CGST Rules is examined on whether such credit is a vested right, whether a time limit for transition or utilisation is constitutionally impermissible, whether Rule 117 is mandatory or directory, whether the statutory scheme merely regulates enforcement of the credit, whether a legitimate expectation exists to carry forward credit without temporal restriction, and whether denial of the credit amounts to double taxation. The writ petitions were not finally decided and were posted for further hearing, with notice issued to the remaining respondents. Case-Laws GST Fri, 07 Aug 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403985