Roadblock Removed: Court allows ITC-02 for Inter-State Transfers -an Analysis
Tax Payer who is Registered under GST, has right to transfer Un utilised ITC lying in Electronic Credit Ledger in certain circumstances.
Tag: ITC-02
Claim of ITC through GSTR-3B justified since Form GST ITC-02 was not live on common portal
The Hon’ble Allahabad High Court in M/s Tikona Infinet Private Limited v. State of U.P. set aside the demand raised on the ground that assessee instead of passing the ITC through Form GST ITC-02 transferred ITC through Form GSTR-3B and held that the stand of the Revenue Department was not correct since the Form ITC-02 was not live on the common portal.