https://www.taxtmi.com/caselaws?id=460683 Madras HC allowed writ petitions challenging denial of input tax credit (ITC) claims beyond Section 16(4) CGST Act limitation period. Following 53rd GST Council Meeting recommendations and subsequent legislative amendments inserting Section 16(5) with retrospective effect from 01.07.2017, the court quashed impugned orders denying ITC for financial years 2017-18 to 2020-21. Extended deadline for ITC availment was deemed as 30.11.2021. Court directed immediate defreezing of petitioners' bank accounts and held that retrospective legislative amendments addressing widespread taxpayer issues must apply to pending disputes. en-us Thu, 17 Oct 2024 00:00:00 +0530 Mon, 12 May 2025 14:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460683 Madras HC allowed writ petitions challenging denial of input tax credit (ITC) claims beyond Section 16(4) CGST Act limitation period. Following 53rd GST Council Meeting recommendations and subsequent legislative amendments inserting Section 16(5) with retrospective effect from 01.07.2017, the court quashed impugned orders denying ITC for financial years 2017-18 to 2020-21. Extended deadline for ITC availment was deemed as 30.11.2021. Court directed immediate defreezing of petitioners' bank accounts and held that retrospective legislative amendments addressing widespread taxpayer issues must apply to pending disputes. Case-Laws GST Thu, 17 Oct 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460683