Transitional Credit — Section 140 of the CGST Act, 2017— The petitioner sought direction to the respondents to allow the petitioner to carry forward in its electronic credit ledger the credit of eligible dues in respect of stock available with the petitioner as on appointed day i.e. 30th June 2017 and to declare Rules 117 and 120A as ultra vires Sections 140 and 174 of Act. The petitioner also sought direction 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 directed that counter-affidavits be filed within four weeks and Rejoinder-affidavit, if any, be filed within four weeks thereafter.—Weldmart International Vs Union of India & Ors.  25 TAXLOK.COM 057 (Delhi)