https://www.taxtmi.com/caselaws?id=751811 The Madras HC allowed a writ petition challenging denial of transitional input tax credit for unutilized advance VAT payments. The court held that Section 140 of the TNGST Act 2017 clearly permits transition of any unutilized VAT or entry tax amounts to electronic credit ledger under GST regime. The petitioner was entitled to credit for advance VAT payments that remained unutilized under the previous VAT system. The HC quashed the respondent's order denying the transitional credit, ruling there was no scope for such denial under the statutory provisions. en-us Thu, 04 Apr 2024 00:00:00 +0530 Wed, 30 Apr 2025 12:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=751811 The Madras HC allowed a writ petition challenging denial of transitional input tax credit for unutilized advance VAT payments. The court held that Section 140 of the TNGST Act 2017 clearly permits transition of any unutilized VAT or entry tax amounts to electronic credit ledger under GST regime. The petitioner was entitled to credit for advance VAT payments that remained unutilized under the previous VAT system. The HC quashed the respondent's order denying the transitional credit, ruling there was no scope for such denial under the statutory provisions. Case-Laws GST Thu, 04 Apr 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=751811