https://www.taxtmi.com/caselaws?id=385161 The Bombay High Court issued notice for final disposal of the matter challenging the validity of Rule 89(5) of the CGST Rules, 2017, which excludes input service credit from Net ITC calculation for refund purposes. The petitioner's refund application was denied based on this rule and a notification. The case centers on the compatibility of Rule 89(5) with Section 54(3) of the CGST Act, specifically regarding the treatment of input service credit in refund calculations. The judgment raises concerns about the inconsistency between Rule 89(5) and the statutory provisions of the CGST Act. en-us Tue, 13 Aug 2019 00:00:00 +0530 Tue, 11 Mar 2025 10:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=385161 The Bombay High Court issued notice for final disposal of the matter challenging the validity of Rule 89(5) of the CGST Rules, 2017, which excludes input service credit from Net ITC calculation for refund purposes. The petitioner's refund application was denied based on this rule and a notification. The case centers on the compatibility of Rule 89(5) with Section 54(3) of the CGST Act, specifically regarding the treatment of input service credit in refund calculations. The judgment raises concerns about the inconsistency between Rule 89(5) and the statutory provisions of the CGST Act. Case-Laws GST Tue, 13 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=385161