HC: Time-limit prescribed for transitional credit 'directory', allows assessee to claim ITC till June 30

Delhi HC, in a virtual hearing today, holds that the time limit prescribed under Rule 117 of CGST Rules is only directory and not mandatory and thus, assessee's claim for CENVAT credit beyond time limit prescribed under Rule 117 cannot be denied; Notes Petitioners reliance upon Eicher Motors case and contention that a substantive benefit cannot be denied on a procedural or technical ground where the beneficiary has satisfied the substantive conditions for the benefit; Further...