Writ dismissed; refunds under section 49(6) tied to section 54 conditions; no ITC reversal shown under section 29(5)

Writ dismissed; refunds under section 49(6) tied to section 54 conditions; no ITC reversal shown under section 29(5)Case-LawsGSTThe HC allowed the writ appeal, set aside the Single-Member bench decision and ruled for the Revenue. The court held that refun

Writ dismissed; refunds under section 49(6) tied to section 54 conditions; no ITC reversal shown under section 29(5)
Case-Laws
GST
The HC allowed the writ appeal, set aside the Single-Member bench decision and ruled for the Revenue. The court held that refunds under section 49(6) are permissive only “in accordance with” section 54, and do not independently entitle a taxpayer to refund accumulated input tax credit (ITC) on discontinuance or disposals unless statutory preconditions are me

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