https://www.taxtmi.com/caselaws?id=753681 The Kerala HC upheld the constitutional validity of Sections 16(2)(c) and 16(4) of the CGST/SGST Act regarding Input Tax Credit (ITC) restrictions and time limits. The court held that ITC is a statutory benefit/concession, not an absolute right, subject to conditions and restrictions. The provisions were deemed necessary to prevent revenue loss and ensure workable GST implementation. The court rejected arguments that time limits were arbitrary, noting that unrestricted ITC claims would impact revenue collection and budgetary allocations. Partial relief was granted for 2017-18 and 2018-19 periods through specific circulars, with extended deadlines for September returns until November 30th. The petition was disposed of with directions for processing eligible claims. en-us Tue, 04 Jun 2024 00:00:00 +0530 Fri, 07 Jun 2024 20:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=753681 The Kerala HC upheld the constitutional validity of Sections 16(2)(c) and 16(4) of the CGST/SGST Act regarding Input Tax Credit (ITC) restrictions and time limits. The court held that ITC is a statutory benefit/concession, not an absolute right, subject to conditions and restrictions. The provisions were deemed necessary to prevent revenue loss and ensure workable GST implementation. The court rejected arguments that time limits were arbitrary, noting that unrestricted ITC claims would impact revenue collection and budgetary allocations. Partial relief was granted for 2017-18 and 2018-19 periods through specific circulars, with extended deadlines for September returns until November 30th. The petition was disposed of with directions for processing eligible claims. Case-Laws GST Tue, 04 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=753681