Dear Readers,
Hon’ble Supreme Court today (SLP(C) No. 26626/2019 and connected matters) brought a quietus to the issue of taxpayers missing out on availing the transitional credits (because of technical issues or otherwise) on roll-over to GST by holding as under:
1. GSTN portal is directed to be opened from 01.09.2022 to 31.10.2022 for availing transitional credits through TRAN 1/TRAN 2.
2. Any aggrieved registered taxpayer can file the relevant form or revise the already filed form irrespective of whether such taxpayer has filed a writ petition before any High Court or whether their case was decided by the IT Grievance redressal committee.
3. Government to ensure that there are no technical glitches on the GSTN portal during the said period.
4. Concerned officers are given 90 days to verify the claims and pass appropriate orders on merits after granting a reasonable opportunity of hearing.
5. Electronic credit ledger will thereafter reflect the ‘allowed transitional credit’.
6. GST Council may also issue appropriate guidelines to the field formations for scrutinising the claims.
With the aforesaid decision, many taxpayers who have missed out on otherwise eligible credits must initiate the work of identifying such credits and making the due claims within the aforesaid timelines.
Thanks & Regards,
Adv. (CA) Abhay Desai
Author: admin
Chief Editor: Manilal B.Par Hindustan Lokshakti ka parcha RNI No.DD/Mul/2001/5253 O : G 6, Maruti Apartment Tin Batti Nani Daman 396210 Mobile 6351250966/9725143877
