https://www.taxtmi.com/caselaws?id=383970 The court quashed Notification No. 20/2018 and Circular No. 56/30/2018-GST, ruling them ultra vires and beyond the scope of Section 54(3)(ii) of the CGST Act. The provisions denying refund of unutilized input tax credit (ITC) under the inverted tax structure were set aside, allowing the petitioners and their members to claim the credit. The court held that once ITC is validly claimed, it becomes indefeasible and cannot be retrospectively taken away, in line with established judicial precedents. en-us Wed, 17 Jul 2019 00:00:00 +0530 Tue, 11 Mar 2025 12:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=383970 The court quashed Notification No. 20/2018 and Circular No. 56/30/2018-GST, ruling them ultra vires and beyond the scope of Section 54(3)(ii) of the CGST Act. The provisions denying refund of unutilized input tax credit (ITC) under the inverted tax structure were set aside, allowing the petitioners and their members to claim the credit. The court held that once ITC is validly claimed, it becomes indefeasible and cannot be retrospectively taken away, in line with established judicial precedents. Case-Laws GST Wed, 17 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=383970