https://www.taxtmi.com/caselaws?id=469330 The Karnataka High Court noted that the insertion of Section 16(5) into the CGST Act by Section 118 of the Finance (No. 2) Act, 2024 created a further entitlement to avail input tax credit for the specified financial years, and that the authorities had to give effect to the amended provision. On that basis, the impugned rejection order was set aside, the matter was restored to the stage of the show cause notice, and the authorities were directed to reconsider the claim after granting the petitioner a sufficient and reasonable opportunity of hearing. en-us Fri, 28 Mar 2025 00:00:00 +0530 Sat, 13 Jun 2026 12:46:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=469330 The Karnataka High Court noted that the insertion of Section 16(5) into the CGST Act by Section 118 of the Finance (No. 2) Act, 2024 created a further entitlement to avail input tax credit for the specified financial years, and that the authorities had to give effect to the amended provision. On that basis, the impugned rejection order was set aside, the matter was restored to the stage of the show cause notice, and the authorities were directed to reconsider the claim after granting the petitioner a sufficient and reasonable opportunity of hearing. Case-Laws GST Fri, 28 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=469330