Madras HC says Retrospective ITC Relief Protects Eligible Claims from Time-Bar

The Madras High Court applied the retrospective relief under Section 16(5) of the CGST Act to quash a GST order insofar as ITC was denied solely on limitation for an eligible period. The Court directed de-freezing of the taxpayer's bank account and permitted refund or future adjustment of amounts collected. However, allegations involving wrongful, excess or fake ITC remain open for proceedings in accordance with law.