Friday, July 17, 2020

Transitional ITC can’t be availed of except within the stipulated Time Limit: Madras HC [Read Order]

The Madras High Court held that the transitional Input Tax Credit (ITC) can’t be availed of except within the stipulated time limit. The Petitioner, M/s.P.R.Mani Electronics is a proprietary concern involved in the retail trade of mobile phones, electrical, electronic, and other items. When the CGST and SGST Acts were introduced, as a transitional measure, […]

from Taxscan | Simplifying Tax Laws https://ift.tt/2CMNb9y

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