Madras HC directs Submission of Form GST ITC-02 as ‘NIL’ if No ITC Transferred, Subjects to 10% Pre-Deposit Condition [Read Order]

The petitioner was granted permission to file Form ITC-02 as per prescribed procedure
Madras High Court - Madras HC - GST - ITC - Input Tax Credit - GST Input Tax Credit NIL submission - Taxscan

The Madras High Court, in its directive, has instructed the petitioner to submit Form GST ITC-02 in compliance with the law, specifying ‘NIL’ if no Input Tax Credit ( ITC ) is transferred.  The Court has ordered a reconsideration of a tax demand imposed on GG Organics Care Private Limited, a subsidiary resulting from a…

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