A Division Bench of the Bombay High Court has recently set aside an order rejecting the Goods and Services Tax (GST) Input Tax Credit (ITC) refund claim of the petitioner-Adisan Laboratories Private Limited for alleged lack of compliance of natural justice of the Department. The revenue had denied the refund claim of the petitioner owing to the Input Tax Credit accumulated due to inverted duty structure.
Source Taxscan
Latest Posts in "India"
- India’s GST Council Recommends Tax Exemptions, Simplified Structure, and Rate Reductions Effective September 22
- Nirmala Sitharaman Explains GST Reforms Using Popcorn Example to Highlight Classification Challenges
- GST Overhaul: Cheaper Small Cars, Bikes; Higher Tax on Premium Vehicles from September 22, 2025
- GST Revamp: 40% Tax on Sin Goods and Luxury Items Explained
- GST Council Unveils Next-Gen Reforms: Export Services, Refunds, Tribunal, and Rate Simplification
