https://www.taxtmi.com/caselaws?id=424786 The HC of Jharkhand addressed a dispute regarding disallowance of Input Tax Credit (ITC) under GST due to a one-day delay in recording invoices in the petitioner's books. The petitioner, a steel manufacturer, had paid service tax under reverse charge mechanism and claimed transitional credit. While the Commissioner allowed Rs. 1,73,989 in transitional credit, they disallowed Rs. 1,74,469 due to delayed recording. The Court determined that the Commissioner's disallowance observations were incidental to the delay condonation issue and premature since no formal proceedings under relevant provisions had been initiated. The petition was disposed of with clarification that the petitioner would have remedies if lawful proceedings were initiated in the future. en-us Mon, 27 Jun 2022 00:00:00 +0530 Fri, 04 Apr 2025 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=424786 The HC of Jharkhand addressed a dispute regarding disallowance of Input Tax Credit (ITC) under GST due to a one-day delay in recording invoices in the petitioner's books. The petitioner, a steel manufacturer, had paid service tax under reverse charge mechanism and claimed transitional credit. While the Commissioner allowed Rs. 1,73,989 in transitional credit, they disallowed Rs. 1,74,469 due to delayed recording. The Court determined that the Commissioner's disallowance observations were incidental to the delay condonation issue and premature since no formal proceedings under relevant provisions had been initiated. The petition was disposed of with clarification that the petitioner would have remedies if lawful proceedings were initiated in the future. Case-Laws GST Mon, 27 Jun 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=424786