Court Denies Tax Refund on Ocean Freight; Payment Utilizable as Input Tax Credit, Deeming Issue Revenue Neutral.

Case-Laws – GST – Highlights – The petitioner’s claim for refund of tax paid on reverse charge basis on ocean freight along with interest was rejected. The Court held that the Input Tax Credit availed by the assessee under GST Acts and rules would entitl

Court Denies Tax Refund on Ocean Freight; Payment Utilizable as Input Tax Credit, Deeming Issue Revenue Neutral.
Case-Laws
GST
The petitioner's claim for refund of tax paid on reverse charge basis on ocean freight along with interest was rejected. The Court held that the Input Tax Credit availed by the assessee under GST Acts and rules would entitle utilization for discharging tax liability. The respondent should have examined this aspect before sanctioning the refund claim. Merely payi

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