Goods and Services Tax: Delhi high court to decide on transitional credit

Central GST Act says the transitional credit to be given only if stocks were not purchased more than a year before the implementation

All eyes are on the ruling of the Delhi high court on a petition seeking removal of a provision that denies transitional credit for stocks purchased more than one year before the goods and services tax (GST) was implemented, after the Bombay high court had upheld the constitutional validity of such a provision. 

Delhi HC posted the matter for next month after hearing arguments in the case.  Such credits are given to traders or dealers and not manufacturers. 

Abhishek Rastogi, a counsel for the petitioner, argued