The Supreme Court of India has granted a one-month extension to GSTN to open a common portal for availing transitional credit through TRAN-1 and TRAN-2. The window will start on 1st October 2022.
Facts
The revenue had filed an SLP against the decisions of various High Courts in which the Court had allowed writ petitions filed by registered taxpayers seeking directions to avail transitional credit beyond the statutory time limit. The Apex Court held that any aggrieved registered assessee could claim benefit irrespective of whether they have filed a writ petition before the High Court or not, and GSTN was to open a common portal for filing concerned forms for availing Transitional Credit through TRAN-1 and TRAN-2 for two months, i.e. w.e.f. 1st September 2022 to 31st October 2022. The revenue requested the Supreme Court to provide an extension of one month to open the GSTN Portal.
Supreme Court
The Apex Court considered the application filed by the revenue seeking an extension of time for opening the GSTN Portal. Thus, the Supreme Court has extended the time for opening the GST Common Portal for a further period of four weeks. Now, GSTN is directed to open the common portal for filing concerned forms for availing transitional credit through TRAN-1 and TRAN-2 from 1st October 2022.
Source Taxmann
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