'Transitional credit' provision 'mandatory'/'reasonable', argues Revenue in SLP challenging Delhi HC decision

Revenue (Petitioner), in SLP assailing the decision of Delhi HC on Rule 117 of the CGST Rules, argues that time limit prescribed for availing transitional credit is ‘mandatory’, 'rational' & 'reasonable'; Arguing that the plenary provision i.e. Section 140 (1) as amended w.e.f. July 01, 2017 by Section 128 (a) of the Finance Act 2020 itself prescribes a time-limit for exercising or availing the right of carrying forward transitional credit, Revenue submits that C...