The Delhi High Court on Tuesday allowed taxpayers registered under Goods and Services Tax (GST) to claim accumulated CENVAT credit from pre-GST regime till June 30, 2020, and noted that the benefit of transitional credit will be applicable for three years (since launch of GST on July 1, 2017) which is the period mentioned in the limitation Act.
Source: a2ztaxcorp.com
Latest Posts in "India"
- CBIC Hosts Outreach in Delhi to Promote Duty Deferment Scheme for Manufacturer Importers and MSMEs
- CBIC Removes ₹10 Lakh Cap, Launches Major Reforms for E-Commerce and Courier Exports in 2026
- India Grants Full Customs Exemption on Key Petrochemicals to Counter Supply Disruptions Until June 2026
- Proposed GST Reforms: ITC Refund for Capital Goods, Edible Oil Sector, and HSN Auto-Population
- Residential Villa Construction Taxable as Composite Supply with Deemed One-Third Land Valuation under GST
