M/s ARS Steels & Alloy International Pvt. Ltd vs. State Tax Officer [W.P. Nos.2885, 2888, 2890,3930, 3936 and 3933 of 2020 & WMP Nos.3341, 3345, 3336, 4664, 4656 and 4661 of 2020 (High Court – Madras)]

The Madras High Court in this matter held that the reversal of ITC involving Section 17(5)(h) by the revenue, in cases of loss by consumption of input which is inherent to manufacturing loss is misconceived, as such loss is not contemplated or covered by the situations adumbrated under Section 17(5)(h) of CGST Act, 2017.

To read the complete judgment 2021 Taxo.online 700