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SC rules in favour of taxpayers and asks GST Council to open 60 days window to clear pre-GST regime dues.
TAXPAYER CREDIT CASE
1) SC sules in favour of taxpayers, asks CBIC & GST Council to open 60 days window to clear pre-GST dues.
2) GST Council will have to notify SOPs to operationalise the window.
3) Govt estimates around 500 cr of genuine credit due to taxpayers.
4) Around 7,000-10,000 assesses exist where transitional credit could not be passed on.
* Order to be uploaded soon
Source -
#SC rules in favour of taxpayers, asks for 60 days window to clear dues in Taxpayer Credit Case
— CNBC-TV18 (@CNBCTV18Live) July 22, 2022
Alert: #Taxpayers had challenged seeking payment of old dues at various High Courts
Govt estimates around ₹500 cr of genuine credit due to taxpayers, Govt Sources to @TimsyJaipuria pic.twitter.com/Bozs1azJxI
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