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Petitioner seeks to revise details of excess ITC declared in TRAN-1

Section 140 of the CGST Act, 2017— Transitional Credit -- The petitioner submitted that on account of the GST regime and methodology revised (the TRAN-1 forms), it had to and did distribute the credits available with it (to the tune of Rs. 37.32 crores) amongst its other registered offices. He later realized that the actual amount that could be claimed was Rs. 20.52 crores. The petitioner submitted that revision as of present is not permissible and as a consequence it resulted in a demand of Rs. 16.80 crores. He submitted that such demand is not based on any tax liability.
Held that-- The Hon’ble High Court listed the matter on 17.09.2018.—Clix Capital Services Private Limited Vs Union of India & Ors. [2018] 02 TAXLOK.COM 404 (Delhi)