https://www.taxtmi.com/caselaws?id=768956 The SC ruled in favor of the petitioner regarding input tax credit (ITC) utilization under GST laws. The Court found that an inadvertent error in claiming ITC under IGST instead of CGST/SGST did not warrant tax, penalty, or interest. Relying on a CBIC Circular and precedent case, the Court held that the electronic credit ledger should be treated as a unified resource, and the petitioner's actions did not cause revenue loss. en-us Tue, 01 Apr 2025 00:00:00 +0530 Thu, 05 Jun 2025 21:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768956 The SC ruled in favor of the petitioner regarding input tax credit (ITC) utilization under GST laws. The Court found that an inadvertent error in claiming ITC under IGST instead of CGST/SGST did not warrant tax, penalty, or interest. Relying on a CBIC Circular and precedent case, the Court held that the electronic credit ledger should be treated as a unified resource, and the petitioner's actions did not cause revenue loss. Case-Laws GST Tue, 01 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768956