Summary
- The Goods and Services Tax Appellate Tribunal (GSTAT) has remanded the Input Tax Credit dispute involving Peekay Industries for fresh adjudication due to inconsistencies in tax demand calculations.
- The Tribunal found that the authorities failed to adequately explain the shift from IGST discrepancies to CGST/SGST demands, neglecting the Appellant's reconciliations.
- It emphasized that differences between FORM GSTR-2A and FORM GSTR-3B cannot solely establish wrongful ITC claims without proper verification of underlying transactions.
- The remand requires a detailed examination of invoices and records, leaving the ultimate admissibility of disputed ITC open for future determination.
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