The division bench of the Gujarat High Court has recently struck down CBIC Notification lapsing unutilized Input Tax Credit (ITC). The petitioners Shabnam Petrofils Pvt. Ltd have challenged Notification No.20/2018-Central Tax (Rate) dated 26.07.2018 issued by the Government of India, Ministry of Finance, Department of Revenue, by which it is resolved that, the accumulated input […]
The post Gujarat HC strikes down CBIC Notification lapsing Unutilized Input Tax Credit [Read Judgment] appeared first on Taxscan | Simplifying Tax Laws.
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