https://www.taxtmi.com/caselaws?id=403648 The High Court allowed the writ application filed by M/s Mega Jewels Private Ltd., setting aside the order denying refund of unutilised input tax credit under the CGST Act, 2017. The Court held that circular No. 14/14/2017-GST operates prospectively and cannot be enforced for transactions before its issuance, thus directing the Deputy Commissioner, CGST, to refund the credit with interest. The judgment clarified the application of circulars and notifications in refund cases, emphasizing their prospective nature. en-us Wed, 27 Jan 2021 00:00:00 +0530 Sat, 30 Oct 2021 16:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403648 The High Court allowed the writ application filed by M/s Mega Jewels Private Ltd., setting aside the order denying refund of unutilised input tax credit under the CGST Act, 2017. The Court held that circular No. 14/14/2017-GST operates prospectively and cannot be enforced for transactions before its issuance, thus directing the Deputy Commissioner, CGST, to refund the credit with interest. The judgment clarified the application of circulars and notifications in refund cases, emphasizing their prospective nature. Case-Laws GST Wed, 27 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403648