Transitional Credit —Section 140 of the CGST Act, 2017— The petitioner submitted that he filed the TRAN-1 only yesterday. This development was consequent upon the Bombay High Court direction in Indusind media communications ltd. vs. Union of India which had noticed the previous order of this Court, particularly the order dated 16.10.2018 and given further effect to it on account of its directions.
Held that-- The Hon’ble High Court that the authorities should take all expedious steps to ensure that the certificate is issued by the Bombay Commissionerate to enable further steps to be taken by the Commissionerate of Delhi, Karnataka and Gujarat. Since the first step towards distribution of the ITC is the certificate to be issued by the Bombay Commissionerate, the respondent shall pass appropriate orders ensuring that the Bombay High Court’s orders are respected and complied with utmost expedience. Thereafter, other Commissionerates shall ensure that the verification is undertaken and completed within four weeks. List on 27th March, 2019.— Indusind Media Communications Ltd. Vs Union of India & Ors.  08 TAXLOK.COM 130 (Delhi)