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Conditions for availment of ITC

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Conditions for availment of ITC
By: OmPrakash jain
April 6, 2020
All Articles by: OmPrakash jain       View Profile
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By prescribing the phrase "within such time" retrospectively, in section 140CGST Act, the Govt. has legalised the time frame prescribed under rule 117, CGST Rules for lapsing CENVAT/ITC Credit carry forwad by a taxable persons under GST regime and nullified various judicial decisions decided in favour of taxable persons.

In my view, such type of retrospective amendment in section 140CGST Act is  against property right under Art. 300A, Constitution of India. 


CA Om Prakash Jain



By: OmPrakash jain - April 6, 2020



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