ITC Entitlement Confirmed as per Circular No. 237/31/2024-GST
Summary in Key Points:
- Issue: The assessee sought to claim Input Tax Credit (ITC) based on the provisions of Circular No. 237/31/2024-GST.
- Facts: The respondent tax authority did not dispute the assessee’s entitlement to ITC under the said circular, provided the necessary conditions and procedures were fulfilled.
- Decision: The High Court disposed of the writ petition, confirming that the assessee is entitled to the ITC benefit as per Circular No. 237/31/2024-GST, subject to fulfilling the stipulated conditions.
HIGH COURT OF ANDHRA PRADESH
Vasavi Agencies
v.
Assistant Commissioner – Central Tax
Dhiraj Singh Thakur, CJ.
and R. Raghunandan Rao, J.
and R. Raghunandan Rao, J.
WRIT PETITION NO: 12984 of 2024
DECEMBER 5, 2024
Narendra Kumar Thottamsetty and Ms. Kotha Veera Naga Pallavi, Advs. for the Petitioner. Josyula Bhaskara Rao, (Sr. SC for CBIC), GP for Commercial Tax, for the Respondent.
ORDER
1. Learned counsel for the respondents does not deny the fact that the petitioner is entitled to the benefit of input tax credit under the Central Goods & Services Tax Act, 2017 in terms of Circular No.237/31/2024-GST subject to the fulfillment of the conditions and the procedure prescribed therein.
2. Be that as it may, we dispose of the present Writ Petition holding that the petitioner would be entitled to the benefit of the aforesaid Circular. In case any cause survives, it is open to the petitioner to approach this Court again. No order as to costs.
3. Miscellaneous applications pending, if any, shall stand closed.