SC upholds denial of VAT Input Tax Credit refund under Section 143(8)(b), allowing only set-off against output tax The SC dismissed the SLP challenging the HC's order rejecting the petitioner's claim for refund of Input Tax Credit accrued under the VAT regime during ...
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SC upholds denial of VAT Input Tax Credit refund under Section 143(8)(b), allowing only set-off against output tax
The SC dismissed the SLP challenging the HC's order rejecting the petitioner's claim for refund of Input Tax Credit accrued under the VAT regime during the transition to GST. The court upheld that the petitioner is not entitled to a refund under Section 143(8)(b) and can only utilize the ITC as set-off against output tax. The HC's decision to deny the refund claim was affirmed, with no interference warranted.
Delay condoned. Upon hearing counsel and reviewing the record, the Court found "no good reason to interfere with the impugned order passed by the High Court." The Special Leave Petition was therefore dismissed: "The Special Leave Petition is, accordingly, dismissed." All pending applications were also disposed of. The decision rests on appellate restraint-after consideration of submissions and materials, the Court declined to upset the High Court's order, without further elaboration of errors warranting interference.
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