Gujarat HC's notice in writ challenging vires of blocked credit provisions

Gujarat HC issues notice to Revenue in a writ challenging vires of Sec. 17(5)(c) and Sec. 17(5)(d) of CGST Act, 2017 dealing with blocked credits concerning immovable property construction, to be used in furtherance of business; Notes Petitioner’s contention that these provisions are enacted without taking into consideration the main object of implementation of GST and are against the statement of object and reasons of GST to reduce tax cascading and enable seamless transfe...