SC stays operation of Delhi HC order in Brand Equity, issues notice

Supreme Court stays operation of Delhi HC ruling in Brand Equity, wherein the HC had read down Rule 117 of CGST Rules to the extent it prescribes time limit for availing transitional credit; Union of India had filed SLP, assailing the  judgment and argued in the petition that time limit prescribed for availing transitional credit is ‘mandatory’, 'rational' & 'reasonable' ; Challenging the findings of Delhi HC that cut-off date prescribed has no rat...