https://www.taxtmi.com/caselaws?id=764045 The HC set aside an assessment order dated 28.12.2023 that disallowed Input Tax Credit for 2017-2018 based on time limits under Section 16(4) of GST Acts. The court found that the Finance (No. 2) Act, 2024 introduced Section 16(5) allowing ITC claims for certain financial years until November 30, 2021, with retrospective effect from July 1, 2017. The assessment authority was directed to re-do the assessment considering the amended provisions, with the petitioner entitled to submit objections and receive a reasonable hearing opportunity before any new order. en-us Mon, 09 Sep 2024 00:00:00 +0530 Wed, 25 Jun 2025 14:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764045 The HC set aside an assessment order dated 28.12.2023 that disallowed Input Tax Credit for 2017-2018 based on time limits under Section 16(4) of GST Acts. The court found that the Finance (No. 2) Act, 2024 introduced Section 16(5) allowing ITC claims for certain financial years until November 30, 2021, with retrospective effect from July 1, 2017. The assessment authority was directed to re-do the assessment considering the amended provisions, with the petitioner entitled to submit objections and receive a reasonable hearing opportunity before any new order. Case-Laws GST Mon, 09 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764045