In the ongoing streak of landmark moves from the Apex Court of the country, the judgment in UOI v. Filco Trade Center, 2022-VIL-38-SC is sure to be remembered for a long time to come. The judgment is being hailed for its magnanimity in directing re-opening of the GST Portal for filing and revising of TRAN-1 and TRAN-2 forms for all aggrieved taxpayers, thus allowing extraordinary relief, way beyond the statute. However, there are various other spill-over effects which are likely to follow from this judgment.

Through this article, our Associate Partner, Ms. Aasmee Mangla together with Associate, Ms. Srishti Yadav has analysed probable long-lasting impacts of this judgment which taxpayers need to be wary of.

Please click on the below link to read our article tiltled ‘Transitional Credits : Who will have the last laugh?’

NITYA I Article 96