GSTAT says Historical Credit Cannot Be Denied on Mismatch Alone

In Shri Shyam Kripa Associates, GSTAT dismissed the Department’s appeal against deletion of an ITC demand. It held that eligible deferred ITC for FY 2017-18 could be claimed in a later return within the statutory window under Section 16(5), and that a GSTR-2A mismatch alone did not justify reversal where the taxpayer substantiated the credit. ITC on business-related banking services was also allowed.