https://www.taxtmi.com/caselaws?id=764050 Section 16(5) of the GST law, inserted by section 118 of the Finance (No. 2) Act, 2024 and given effect from 1 July 2017, extends entitlement to input tax credit for invoices and debit notes relating to the specified financial years up to 30 November 2021. In light of that statutory change, an assessment order and the related blocking of the input tax credit ledger could not be sustained as they stood. The appropriate course was to set aside the impugned action and remit the matter to the stage of the show cause notice so the amended provision could be applied after hearing the assessee and proceeding in accordance with law. en-us Tue, 24 Sep 2024 00:00:00 +0530 Mon, 30 Dec 2024 18:01:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764050 Section 16(5) of the GST law, inserted by section 118 of the Finance (No. 2) Act, 2024 and given effect from 1 July 2017, extends entitlement to input tax credit for invoices and debit notes relating to the specified financial years up to 30 November 2021. In light of that statutory change, an assessment order and the related blocking of the input tax credit ledger could not be sustained as they stood. The appropriate course was to set aside the impugned action and remit the matter to the stage of the show cause notice so the amended provision could be applied after hearing the assessee and proceeding in accordance with law. Case-Laws GST Tue, 24 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764050