In the case of Brand Equity Treaties Limited vs. Union of India (Delhi High Court), the Hon’ble court has allowed carry forward of ITC in TRAN-1 up to 30.06.2020. However, the retrospective amendment in Section 140 of CGST Act (and SGST Acts), 2017 W.E.F. 01.07.2017 by notifying Section 128 of Finance Act, 2020 which inter alia added “within such time” has again raised questions as to whether taxpayers can still take the benefit of the judgment.
For more insight, please read the attached document: Carry Forward of ITC in Trans 1 by 30-6-20
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