Gujarat HC issues notices to Govt. over denial of transitional credit to VAT dealers

Mar 28,2018

Gujarat HC issues notice to Govt. in writ petition challenging second proviso to Section 140(1) of Gujarat GST Act under which, restrictions have been imposed on a dealer taking credit under the new regime of taxes already paid under the VAT Act; As per the assessee, the provision deprives a dealer of his vested right and thus, the statute acts retrospectively while imposing unreasonable restriction; Posts the matter for hearing on April 19 : Gujarat HC...

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