Hearing over transitional credit time limit concludes; Petitioners urge dealers' discrimination violating Article 14

Hearing concludes before Bombay HC in writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act, 2017, which prescribes 1 year time limit for taking transitional credit; Petitioners invoke Article 14 of Constitution arguing that such time limit does not sub-serve the objective of GST legislation of granting seamless credit and that dealers have been singled out for discrimination vis-a-vis manufacturers or service providers; Petitioners further argue...