The case involves M/s ESL Steel Limited challenging an order confirming a demand of Rs. 6,02,34,616/- under Section 74(9) of the Central Goods and Service Tax Act, 2017, due to alleged irregular availment of transitional credit during 2017-18. This includes credit claimed before 17.04.2018 and a balance claimed by filing a new TRAN-1, following a Supreme Court order. The petitioner argues that the demand was made without considering their reply and a Supreme Court judgment regarding recovery against the petitioner for dues prior to 17.04.2018, the date the National Company Law Tribunal approved their resolution plan. The State Bank of India had initiated Corporate Insolvency Resolution Process against the petitioner, and a resolution plan by M/s Vedanta Limited was
…M/s ESL Steel Limited faced a demand of Rs. 6,02,34,616/- under Section 74(9) of the CGST Act, 2017, due to alleged irregular availment of transitional credit during 2017-18. This amount includes Rs. 5,10,21,204/- claimed before 17.04.2018 and Rs. 92,13,412/- claimed via a new TRAN-1 filing. The demand was confirmed by the Additional Commissioner, CGST & CEX, Ranchi. The petitioner's earlier management had filed the original TRAN-1 on 27.09.2017 but couldn't disclose CENVAT Credit on Capital Goods received in July and August 2017 (Rs. 92,13,412/-) due to GST Portal limitations. The petitioner requested to revise the TRAN-1. The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against the petitioner, and the NCLT approved a resolution
…Sign in to view the parties.
The earlier management…
The GST Portal did not allow the Petitioner to…
The case involves M/s ESL Steel Limited challenging an order confirming a demand of Rs. 6,02,34,616/- under Section 74(9) of the Central Goods and Service Tax Act, 2017, due to alleged irregular availment of transitional credit during 2017-18. This includes credit claimed before 17.04.2018 and a balance claimed by filing a new TRAN-1, following a Supreme Court order. The petitioner argues that the demand was made without considering their reply and a Supreme Court judgment regarding recovery against the petitioner for dues prior to 17.04.2018, the date the National Company Law Tribunal approved their resolution plan. The State Bank of India had initiated Corporate Insolvency Resolution Process against the petitioner, and a resolution plan by M/s Vedanta Limited was
…M/s ESL Steel Limited faced a demand of Rs. 6,02,34,616/- under Section 74(9) of the CGST Act, 2017, due to alleged irregular availment of transitional credit during 2017-18. This amount includes Rs. 5,10,21,204/- claimed before 17.04.2018 and Rs. 92,13,412/- claimed via a new TRAN-1 filing. The demand was confirmed by the Additional Commissioner, CGST & CEX, Ranchi. The petitioner's earlier management had filed the original TRAN-1 on 27.09.2017 but couldn't disclose CENVAT Credit on Capital Goods received in July and August 2017 (Rs. 92,13,412/-) due to GST Portal limitations. The petitioner requested to revise the TRAN-1. The State Bank of India initiated Corporate Insolvency Resolution Process (CIRP) against the petitioner, and the NCLT approved a resolution
…The earlier management…
The GST Portal did not allow the Petitioner to…