Telangana HC Allows Standard Chartered Bank to File GST Returns in Other States, Waives Penalty and Interest

The Telangana High Court permitted Standard Chartered Bank to file GST returns in other states and waived penalty and interest for credit transfer. The issue arose from the GST transition period when the bank faced difficulties in transferring input tax credit (ITC) due to a technical glitch in the GST portal. The court observed that the bank made several attempts to resolve the issue with authorities but was unsuccessful. The court’s decision allows the bank to file revised TRAN-1 and TRAN-2 forms for the credit transfer, acknowledging the technical difficulties faced by taxpayers during the GST transition. This ruling emphasizes the importance of addressing technical issues promptly to facilitate smooth compliance with GST regulations.