Bombay HC refuses to strike down 1 year transitional credit limitation; Applies SC ratio

Bombay HC dismisses writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act, refuses to strike down 1 year time limit for transitional credit availment; Holds that for smooth transition from old indirect tax regime to GST regime, some arrangements were required to be made and conditions with respect thereto be imposed; 1 year limit has clear nexus with objective sought to be achieved by GST legislation and therefore, cannot be struck down, holds HC...