TaxTMI 
TaxTMI 
Credit availed through TRAN-1 was denied due to non filing of last 2 months return under VAT law
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....redit availed through TRAN-1 was denied due to non filing of last 2 months return under VAT law<br> Query (Issue) Started By: - L D Raj & Co Dated:- 16-10-2020 Last Reply Date:- 19-10-2020 Goods and S....
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....ervices Tax - GST<br>Got 2 Replies<br>GST<br>Dear Experts I would like to pick your minds for this case where one of our clients transitioned the ITC via TRAN-1 form under table 5C( ITC balance carri....
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....ed forward from VAT return). Department denied the same on account of not filing immediate 3 months returns as per sec 140(1) under VAT law. The provision is specific that last 6 months returns is to ....
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....be file to transition the credit from previous regime. My question is although its specific provision based on which its denied, I'm aware of judgments in the previous regime where mere procedural....
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.... lapse can't deny a significant ITC. May I hear your views on what is the chance before first appellate authority? thank you CA Durairaj Reply By KASTURI SETHI: The Reply: You must challenge t....
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....he legal validity of the condition of filing last six months' return. You can be successful and it will pave the way for others. All those who have been denied ITC on this ground should unite and ....
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....challenge the legal validity. Reply By Ganeshan Kalyani: The Reply: I too agree that mere procedural lapse cannot take away the eligibility of input tax credit. Must contest the issue.<br> Discussio....
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