The Supreme Court docket has requested the Centre to file an affidavit on technical glitches confronted by taxpayers whereas submitting varieties for transferring their enter tax credit score within the pre-goods and providers tax (GST) interval to the present GST system.
In 2019, the Punjab and Haryana Excessive Court docket held that the taxpayers won’t be denied to hold ahead their enter tax credit score pertaining to the pre-GST regime into the GST regime merely on account of delay in submitting of releavat GST varieties, specifically GST-TRAN1 and GST-TRAN2.
One of many main contentions put ahead by the taxpayers was that the related GST varieties couldn’t be filed resulting from technological glitches confronted on the GSTNetwork portal, Abhishek Jain, tax companion at EY, mentioned.
Submit the judgement, the Centre had filed a particular go away petition within the Supreme Court docket.
The apex court docket has now directed the federal government to file an affidavit answering the assertion concerning technical glitches and issues confronted whereas submitting these varieties, Jain mentioned.
“The trade is keenly ready for the Supreme Court docket’s remaining phrase on the difficulty of non-timely submitting of TRAN 1 and a couple of and denial of transitional credit score, with the excessive court docket judgement already being assessee beneficial on this concern,” he mentioned.