https://www.taxtmi.com/caselaws?id=460829 Input tax credit disallowance based on the time limit in section 16(4) of the CGST Act required reconsideration after section 118 of the Finance (No. 2) Act, 2024 inserted sub-sections (5) and (6) into section 16 with retrospective effect from 1 July 2017. The amended framework extended ITC eligibility for specified financial years up to the prescribed return filing date, so the assessment could not be sustained on the earlier basis without fresh examination. The assessment was set aside and remitted for reconsideration in light of the amended provision. en-us Wed, 06 Nov 2024 00:00:00 +0530 Mon, 19 May 2025 11:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=460829 Input tax credit disallowance based on the time limit in section 16(4) of the CGST Act required reconsideration after section 118 of the Finance (No. 2) Act, 2024 inserted sub-sections (5) and (6) into section 16 with retrospective effect from 1 July 2017. The amended framework extended ITC eligibility for specified financial years up to the prescribed return filing date, so the assessment could not be sustained on the earlier basis without fresh examination. The assessment was set aside and remitted for reconsideration in light of the amended provision. Case-Laws GST Wed, 06 Nov 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=460829