Summary of the Honourable Madras High Court’s important recent Order i.r.o Section 16(4) read with newly inserted 16(5)/16(6)
GST UPDATEZ ON 27-11-2024: The Honorable High Court of Madras in its judgement under W.P.No.25081 of 2023 in the case of Sri Ganapathi Pandi Industries vs The Assistant Commissioner (State Tax) (FAC), Chennai North Division, has allowed a batch of writ petitions relating to delayed availability of ITC under GST, based on the recently inserted provisions of 16(5) of the CGST Act 2017.