Accumulated ITC refund under inverted duty structure: 2019 time-limit amendment held non-retrospective; Section 54 claims revived, remanded.

Accumulated ITC refund under inverted duty structure: 2019 time-limit amendment held non-retrospective; Section 54 claims revived, remanded.Case-LawsGSTWhether the 01.02.2019 amendment curtailing the time for refund applications could retrospectively exti

Accumulated ITC refund under inverted duty structure: 2019 time-limit amendment held non-retrospective; Section 54 claims revived, remanded.
Case-Laws
GST
Whether the 01.02.2019 amendment curtailing the time for refund applications could retrospectively extinguish accrued entitlement to refund of accumulated ITC under an inverted duty structure was determined by applying the presumption against retrospectivity to substantive curtailment of vested rights; absent express retrospective ope

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