Saturday, March 17, 2018

Erstwhile exempted units move HC against unavailability of transitional credit of capital goods

Uttarakhand HC hears petitioners’ challenge to unavailability of transitional credit of capital goods u/s 140 of CGST Act, 2017 to units who were availing area based exemption under erstwhile regime; HC posts the matter for hearing on April 17 

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Delhi HC holds 10% pre-deposit requirement for penalty-only appeals inapplicable where SCN was issued before amendment

  This Tax Alert summarizes a recent ruling of the Delhi High Court (HC) [1] on whether the newly introduced pre-deposit requirement for fi...