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GST - Highlights / Catch Notes

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Refund claim on account of Input Tax Credit accumulated due to ...

GST

April 21, 2023

Refund claim on account of Input Tax Credit accumulated due to Inverted Tax Structure - petitioner failed to submit the books and, as such, the amount of refund to be sanctioned could not be determined without proper verification of books of account - As per the revenue, only a small portion is disputed and is to be adjudicated - Revenue directed to release / refund the balance amount as per law - HC

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