https://www.taxtmi.com/caselaws?id=444355 The Madras HC allowed a petition challenging the imposition of interest and penalty on transitional credit under GST. The petitioner was entitled to transition unutilized Input Tax Credit from CENVAT account as of 30.06.2017 under Section 140 of CGST Act, 2017, but technical glitches prevented proper transition. The court held that since the issue was revenue neutral and the petitioner caused no loss to revenue by utilizing the credit, imposition of 10% interest and penalty under Sections 73(9) or 50(3) of CGST Act was not justified. The petition was allowed. en-us Wed, 20 Sep 2023 00:00:00 +0530 Mon, 21 Apr 2025 16:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=444355 The Madras HC allowed a petition challenging the imposition of interest and penalty on transitional credit under GST. The petitioner was entitled to transition unutilized Input Tax Credit from CENVAT account as of 30.06.2017 under Section 140 of CGST Act, 2017, but technical glitches prevented proper transition. The court held that since the issue was revenue neutral and the petitioner caused no loss to revenue by utilizing the credit, imposition of 10% interest and penalty under Sections 73(9) or 50(3) of CGST Act was not justified. The petition was allowed. Case-Laws GST Wed, 20 Sep 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=444355