SC upholds refund formula under Rule 89(5) CGST/SGST Rules for unutilized input tax credit (5)
Case-Laws
GST
The SC dismissed the Special Leave Petition challenging the applicability of the refund formula under Rule 89(5) of the CGST/SGST Rules, 2017 and related notifications. The Court upheld the validity of the formula for refund of unutilized input tax credit, rejecting claims of ambiguity or unworkability. It affirmed the High Court's view that although the formula may produce certa
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