Eye Share: Relevance of ITC availment - utilization for ticking Interest Clock vis-a-vis Patna HC decision

Aug 08,2019

Recent Patna HC decision in case of Commercial Steel Engineering Corporation [TS-553-HC-2019(PAT)-NT] which quashed  proceedings initiated u/s 73 of Bihar GST Act, 2017 (BGST Act) in respect of recovery of ineligible credit transitioned but not utilized has yet again erupted the debate of availment-utilisation of CENVAT Credit for triggering the interest liability under GST laws.Ms. Priyanka Rathi along with Ms. Ashwini Chandrasekaran (Advocates,...

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