SHOULD WE FILE WRIT PETITION AGAINST GST LAPSED BY NOTIFICATION NO 20/2018

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..... PLEASE ADVICE SHOULD WE FILE WRIT PETITION AGAINST LAPSE GST NOTIFICATION ON FOLLOWING POINTS. 1. THE NOTIFICATION IS ON RECOMMENDATION OF GST COUNCIL BUT IN THE MINUTES OF GST COUNCIL THERE IS NO ANY RECOMMENDATION TO LAPSE THE ITC. 2.THE SURPLUS ITC IS OUR CURRENT ASSETS AND PART OF OUR WORKING CAPITAL .WE HAVE PAID VALUE IN CASH FOR IT AND IN CONSIDERATION OF IT RIGHT TO UTILIZE THE SAME .....

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..... IN FUTURE WAS GRANTED BY THE ACT AND ITC IS ACCUMULATED WITH RIGHTS TO UTILIZE IN FUTURE HENCE IT MAY NOT BE FORFEITED. 3.THERE IS HUGE DIFFERENCE IN LAPSE AND TO BLOCK FOR REFUND SO IT MAY NOT BE LAPSE UNDER INHERENTLY POWERS OF SECTION 54 . IT MAY BE BLOCKED FOR REFUND ONLY. IT IS UNCONSTITUTIONAL MISS USE OF SECTION 54 . THERE IS NOANY SECTION WHICH EMPOWER TO LAPSE ANY KIND OF ITC. WE .....

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..... WROTE FINANCE MINISTER REGISTERED COMPLAINT ON PG PORTAL BUT NO ANY RESPONSE . IT WILL BE WORTH TO FILE A WRIT PETITION ? PLEASE ADVICE - Reply By SHIVKUMAR SHARMA - The Reply = The Issue already discussed vide ssue Id: - 114143 .The Point was raised by you only. You can file Writ Petition. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = You can file writ petition. - Reply By Gopikis .....

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..... han Kabra - The Reply = I HAVE FILED RTI APPLICATION WITH THE PRO GST COUNCIL IN THIS REGARD REPLY IS AWAITED AND LINK IS FOLLOWS https://yourti.in/requests/dnjy84h6/rti-how-accumulated-itc-gst-lapsed-in-notification-no/ - SHOULD WE FILE WRIT PETITION AGAINST GST LAPSED BY NOTIFICATION NO 20/2018 - Query Started By: - Gopikishan Kabra Dated:- 13-10-2018 Goods and Services Tax - GST - Got .....

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..... 3 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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