Whether ITC can be denied in case of bonafide errors in filing GST returns where there is no loss of revenue?
The Honorable Bombay High Court in the case of NRB Bearings ltd. allowed the petition while permitting the Taxpayer to rectify FORM GSTR-1 and held that in cases of bonafide errors in filing returns where no loss of revenue occurs, the technicalities should not prevent rectification.