Involuntary Reversal of GST ITC during Search by forced Generation of Form DRC-03: Gujarat HC directs Recredit with Interest [Read Order]

Involuntary - Reversal - GST - ITC - Form - DRC - 03 - Gujarat - HC - TAXSCAN

A Division Bench of the Gujarat High Court has recently quashed and set aside the forced generation of Input Tax Credit (ITC) while directing the revenue to recredit the reversed ITC with interest to the electronic credit ledger of the assessee. The petitioner sought to invoke extraordinary jurisdiction of the Gujarat High Court under Article…

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