https://www.taxtmi.com/article/detailed?id=12693 The court upheld the constitutional validity of statutory restrictions on entitlement to input tax credit, characterising ITC as a concession subject to prescribed eligibility and temporal conditions to protect inter State revenue allocation. Recognising initial implementation difficulties, the court directed retrospective application of the amended procedural deadline, treating the September return deadline as November 30 for petitioners who filed by that date, and allowed claims to be processed if otherwise eligible, with liberty to rely on specified administrative circulars for claim submission and processing. en-us Thu, 13 Jun 2024 08:12:15 +0530 Thu, 13 Jun 2024 08:12:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12693 The court upheld the constitutional validity of statutory restrictions on entitlement to input tax credit, characterising ITC as a concession subject to prescribed eligibility and temporal conditions to protect inter State revenue allocation. Recognising initial implementation difficulties, the court directed retrospective application of the amended procedural deadline, treating the September return deadline as November 30 for petitioners who filed by that date, and allowed claims to be processed if otherwise eligible, with liberty to rely on specified administrative circulars for claim submission and processing. Articles Goods and Services Tax - GST Thu, 13 Jun 2024 08:12:15 +0530 https://www.taxtmi.com/article/detailed?id=12693