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The petitioner seeking a direction to the respondents to allow the petitioner to carry forward in its electronic credit ledger the transitional tax credit as on appointed day and to declare Rule 117 of the CGST Rules, 2017 as ultra vires of Sections 140 and 174 of CGST Act, 2017.

Section 140 of the CGST Act, 2017— Transitional Credit -- The petitioner sought a direction to the respondents to allow the petitioner to carry forward in its electronic credit ledger the transitional tax credit of Rs. 14,50,716/- of CENVAT Credit as on appointed day i.e. 30th June 2017 and to declare Rule 117 as ultra vires of Sections 140 and 174. The petitioner further sought a declaration that the retrospective amendment made in Section 140(1) w.e.f. 01st July, 2017 is illegal and arbitrary. Held that:-The Hon’ble High Court issued notice and listed the same on 14th December, 2020.