Case Law Analysis
|Delhi High Court
Section 122(1A) CGST Act | Any Person Includes Non-Taxable Retaining Benefit via Fraudulent ITC, Prospective from 01.01.2021 : Delhi HC
Delhi HC held Section 122(1A) CGST Act applies to any person retaining benefit from fraudulent ITC, including non-taxable persons, and operates prospectively from 1 Jan 2021. The ruling quashes personal penalties on directors, clarifying the provision's scope and shielding taxpayers from retrospective liability.