ITC Blocking Lapses After One Year: Madras HC dismisses Writ Petition as Infructuous

The Madras High Court recently dismissed a writ petition regarding the blocking of Input Tax Credit (ITC) after one year. The petitioner had challenged the blocking of ITC but the Court found that the issue had become infructuous due to the lapse of time. The decision reinforces the statutory timeline for addressing ITC issues under the Goods and Services Tax Act. It highlights the importance of timely action on tax-related matters and stresses the need for businesses to stay updated on compliance deadlines to avoid complications with their tax credit claims.