https://www.taxtmi.com/caselaws?id=761604 Retrospective insertion of section 16(5) of the CGST Act, effective from 01.07.2017, was applied to treat the relevant return-filing period under section 39 as extended for financial year 2019-20. On that basis, delayed filing alone could not sustain denial of input tax credit, so the credit was allowed. The interest and penalty levied only because of the delay were also held refundable, with interest at 6% per annum from the date of collection until repayment. en-us Mon, 11 Nov 2024 00:00:00 +0530 Wed, 13 Nov 2024 08:53:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=761604 Retrospective insertion of section 16(5) of the CGST Act, effective from 01.07.2017, was applied to treat the relevant return-filing period under section 39 as extended for financial year 2019-20. On that basis, delayed filing alone could not sustain denial of input tax credit, so the credit was allowed. The interest and penalty levied only because of the delay were also held refundable, with interest at 6% per annum from the date of collection until repayment. Case-Laws GST Mon, 11 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=761604