Eye Share : Time Limit for Filing of TRAN-01 - The Saga Continues…

Recent Delhi HC decision in Brand Equity Treaties Ltd. & Ors. [TS-256-HC-2020(DEL)-NT], on Rule 117 of the CGST Rules which provides for a time-limit in availing credits, is a landmark ruling under the GST era. While reading down Rule 117, HC categorically declared that the time limit of 3 years under the residuary provisions of the Limitation Act 1963 will be applicable.Mr. Atulya Kishore (Senior Associate, Shardul Amarchand Mangaldas & Co.) along with ...