The relief given by the Delhi High Court to GST taxpayers on the matter of pending transitional credit has been taken away by the government through a retrospective amendment in the GST law. The amendment, which imposes a restriction on the time limit to claim transitional credit, is being notified by the government from 18 May 2020. The amendment comes into effect from 1 July 2017.
The Delhi High Court in an order passed on 5 May 2020 had allowed all taxpayers to claim transitional credit accumulated before the implementation of GST by 30 June 2020. It was a significant judgment as it extended the period for claiming input credit from 90 days to 3 years and also allowed all taxpayers to take benefits of the order.
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