Set aside order rejecting refund of unutilized input tax credit for zero-rated exports; refund to be processed with interest

Set aside order rejecting refund of unutilized input tax credit for zero-rated exports; refund to be processed with interestCase-LawsGSTThe HC set aside the impugned order rejecting the petitioner’s refund claim of unutilized input tax credit for zero-rat

Set aside order rejecting refund of unutilized input tax credit for zero-rated exports; refund to be processed with interest
Case-Laws
GST
The HC set aside the impugned order rejecting the petitioner's refund claim of unutilized input tax credit for zero-rated exports, holding the rejection unsustainable where shipping bills dated from 13 Sept 2021 and customs records corroborated export transactions despite the LUT being filed on 26 Aug 2021. The court directed the respondent to process and credit the petitioner's refund with statutory interest within two weeks, and further ordered that if the refund is not credited by 3 Sept 2025, interest at 12% per annum shall be payable to the petitioner. Petition allowed; impugned order dated 14 Nov 2024 quashed.
TMI Updates – Highlights, quick notes, marquee, annotation, news, alerts

= = = = = = = =

Plain text (Extract) only
For full text:-Visit the Source

= = = = = = = =