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- Whether revocation of suo-moto cancelled registration be allowed to transition the unutilized Cenvat credit to the GST regime ?
Whether revocation of suo-moto cancelled registration be allowed to transition the unutilized Cenvat credit to the GST regime ?
TRT-2026-599
Issue Favourable to Tax Payer ?:- yes
Held - Here is a case, in our view, petitioner cannot be permitted to forgo a sum of Rs.39,13,025/- which according to petitioner is entitled to deemed excised credit particularly when under sub-section 3 of Section 29 his liability will continue even after cancellation of registration.
It will be wholly unfair if petitioner ends up having to forgo the deemed excise credit of a substantial amount of Rs.39,13,025/-. Hence, we pass the fol.....
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- Whether tax can be recovered by Department without prior intimation in Form DRC-01D ?
- Whether a penalty equal to 200% of the tax amount can be demanded in case of detention or seizure of goods ?
