HC: Quashes proceedings u/s 73 for recovery of ineligible credit transitioned but 'not utilized'

Patna HC quashes proceedings initiated u/s 73 of Bihar GST Act, 2017 (BGST Act) in respect of recovery of ineligible credit transitioned but not utilized, rejects Revenue’s plea that act of reflection on the electronic credit ledger is a confirmation of a wrong availment, liable for proceeding; Notes that, assessee filed an application  in terms of Section 140 of BGST Act to take credit of the surplus VAT and Entry Tax and to carry forward the same in his electron...