HC held that petitioner was entitled to refund of Rs. 3,90,762...

HC held that petitioner was entitled to refund of Rs. 3,90,762 representing unadjusted unutilized input tax credit under VAT Act despite not carrying forward such credit under GST regime. Court found that Section 174(2)(c) of GST Act preserved rights acquired under repealed VAT Act. Since mandatory assessment period under Section 34(2) of VAT Act had expired and petitioner proved compliance with disposal requirements under Section 11(3) read with Rule 15(6) of VAT Rules, respondent authority was directed to process refund within twelve weeks. Petition allowed, establishing that failure to transition credit to GST regime does not extinguish entitlement to VAT refund where statutory conditions are satisfied.