2020 (11) TMI 332

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.... to be a Company engaged in manufacture of P.U. foam sheets and P.U. mattress and is registered with the tax authorities. The petitioner further claims that the petitioner is entitled to the input tax credit in terms of the provisions of the Act. Learned counsel for the petitioner further argues that manner to claim transitional credit is prescribed under Rule 117 of CGST Rules and Rule 117 of the....

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.... amount of Rs. 3,64,374/- for the Months of April to June, 2017. Thus a sum of Rs. 12,69,781/- was omitted while filling the FORM GST TRAN-1. It is further argues that in terms of Rule 120-A of the CGST Rules 2017 permit the revision of the declaration made in FORM GST TRAN-1 within the time periods specified, which can be further extended by the Commissioner. It is alleged that the petitioner ....

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....or revision of GST TRAN-1 and the delay should have been condoned by the Commissioner, however, the respondent no. 4 passed an order on 22.1.2020 rejecting the request solely on the ground of the circular dated 3.4.2018 issued by the Central Board of Indirect Taxes and Customs. Learned counsel for the petitioner argues that the said circular dated 3.4.2018 relates to the assessees who could not fi....

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....ount the arguments of the petitioners for revision of the GST TRAN-1 FORM. Thus, we set aside the order dated 22.1.2020 with a direction to the respondent no. 3 to hear and decide the application for revision of GST TRAN-1 filed on 24.9.2019. The Commissioner is further directed to decide the delay in filing the revision application in the light of the mandate of Section 14 of the Limitation Ac....