It has said that not allowing to claim the benefit of
input tax credit amounts to double taxation of the same
stock.
According to the petition, after the form is filed, the
amount of credit specified therein would get credited to
the 'Electronic Credit Ledger' which acts as an input
tax credit bank under the GST regime against which
output GST liability could be set off.
The firm has claimed that the form could not be saved on
the portal owing to technical issues and that not being
allowed the credit in terms of the Act was
"unconstitutional, illegal, arbitrary and unreasonable".
Source::: The
Economic Times,
dated 19/03/2018.