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MAGMA FINCORP LIMITED vs. STATE OF TELANGANA, REPRESENTED BY PRINCIPAL SECRETARY, FINANCE DEPARTMENT, HYDERABAD AND OTHERS
(Telangana High Court)

Hon'ble Judges:

V.RAMASUBRAMANIAN
P. KESHAVA RAO
Pet. Counsel
J.k. Mithra
P. Anil Mukerji
Res. Counsel
J. Anil Kumar

Petitioner / Applicant

MAGMA FINCORP LIMITED
Respondent STATE OF TELANGANA, REPRESENTED BY PRINCIPAL SECRETARY, FINANCE DEPARTMENT, HYDERABAD AND OTHERS
Court Telangana High Court
State

Telangana

Date Apr 15, 2019
Order No.

WRIT PETITION No. 46792 of 2018

Citation

2019(4) TAXREPLY 2219
Original Order
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ORDER

Challenging the rejection of transitional relief in terms of sections 73 and 74 of the Telagnana Goods and Services Act, 2017 (for short ‘the Act’) read with Rule 121 thereto, and a consequential demand made for the alleged excess claim of transitional relief, the Dealer has come up with the above writ petition. 2. Heard Mr. P. Anil Mukharji, learned counsel appearing for the petitioner and Mr. J. Anil Kumar, learned Special Standing Counsel for the respondents. 3. The petitioner is engaged in the business of leasing and financing of vehicles and equipments. They were earlier registered under the Telangana Value Added Tax Act and now registered under the Central and State GST Acts. 4. According to the petitioner, they had an input tax credit to the tune of ₹ 1,79,23,784/-, as on the date of bifurcation of the composite State of Andhra Pradesh, namely, 02.06.2014. In order to deal with the question of transfer of ITC, as between the bifurcated States that ca....

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