BREAKING: Relief to Lloyd; Kerala HC Sets Aside Order Denying ITC without Considering Newly Inserted Provision U/S 16 (5) of CGST Act [Read Order]

The Court directed the competent authority to pass fresh orders, after taking note of the provisions contained in Section 16(5) of the CGST/SGST Acts within a period of three months
By Yogitha S. Yogesh - On November 28, 2024 1:15 pm - 2 mins read
GST - GST Act - CGST Act - Kerala High Court - ITC - Lloyd Insulations India - TAXSCAN

In a landmark ruling in favour of Lloyd Insulations India Limited, the Kerala High Court set aside the order denying Input Tax Credit ( ITC ) without considering newly inserted provision under section 16 (5) of Central goods and Service Tax Act ( CGST ), 2017. The Court directed the competent authority to pass fresh…

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