Summary
- The Madras High Court quashed a GST order reversing input tax credit (ITC) for Gold Youth Movement Recreation Club, citing limitation grounds under Section 16(5) of the CGST Act.
- The court ruled that the reversal was invalid as the claim fell within an extended period allowing ITC for financial years 2017-21.
- The ruling mandates the defreezing of the petitioner’s bank account and prohibits further recovery actions based on the overturned order.
- This decision could set a precedent for similar cases, impacting how ITC claims are handled amid limitations in future GST assessments.
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