Restriction imposed for reclaiming CENVAT credit reversed under erstwhile law, challenged before Gujarat HC

Gujarat HC issues notice in a writ petition challenging the constitutional validity of Sec. 140(9) of the CGST, Act, 2017 which imposes a condition that the CENVAT credit reversed under the erstwhile law could be reclaimed only if the payment to the supplier is made within a period of 3 months from the appointed date; Notes assessee’s contention that such a condition is unreasonable and arbitrary since both the erstwhile CENVAT Rules and CGST Act recognise the rec...