HC : Restrains Revenue from effecting coercive recovery against petitioner in respect of transitional credit

Gujarat HC restrains Revenue from making any coercive recovery of tax against the petitioner for credit claimed of eligible duties in respect of inputs held in stock on the appointed day; Notes petitioner’s contention that the five conditions enumerated under sub-section (3) of section 140 of the Act were satisfied by the petitioner; Petitioner further submitted that while no documents have been prescribed under the Central Goods and Services Tax Rules it is entitled to tak...