GSTAT says Retrospective GST Registration Cancellation Does Not Automatically Deny ITC

The GSTAT upheld the appellate order setting aside the demand, noting that the supplier was registered when the invoices were issued, the invoices appeared in GSTR-2A, payment was evidenced through bank records, and the Department admitted that the supplier had deposited the tax. The Tribunal dismissed the Department’s appeal and directed refund, in accordance with law, of amounts deposited against the demand.