Telangana HC's notice in writ challenging 'Instruction' in ISD return regarding tax credit distribution

Telangana HC issues notice to Revenue in writ seeking a declaration that Instruction No. 6 provided in Form GSTR-6 [return for Input Service Distributor (ISD)] is ultra vires Section 140(7) of Central Goods and Service Tax Act 2017 (CGST Act); Said Instruction No. 6 envisages that every ISD has to distribute tax credit to its respective units in same tax period in which inward supplies have been received; Notes petitioner’s plea that ITC accruing to an ISD th...