GST Payers Entitled to avail ITC for FYs 2017-18 to 2020-21 on GSTR-3B Filed on or before 30.11.2021: Madras HC

In a significant relief to GST payers, the Madras High Court has ruled that they are entitled to avail Input Tax Credit (ITC) for the financial years 2017-18 to 2019-20 on GSTR-2B filed on or before a specified date. This ruling comes after the court considered genuine hardships faced by dealers, such as delays due to the COVID-19 pandemic, health issues, and fire accidents. The court referred to a prior ruling, noting that the legislative amendments and circulars have clarified the retrospective extension of the deadline for availing ITC. This decision provides much-needed clarity and a legal basis for taxpayers to claim ITC that was previously denied on grounds of delayed filing of returns.