https://www.taxtmi.com/caselaws?id=415040 An arbitral award was set aside because the tribunal did not decide the principal dispute on merits: whether the claimant was entitled to reimbursement of GST and input tax credit under the transitional GST framework, and whether the respondent could lawfully withhold reimbursement on that basis. The tribunal instead adopted a fairness-based split of the possible input tax credit loss, without a definitive finding on the core controversy. The Court held that an arbitral tribunal must decide disputes according to law and cannot substitute an equitable outcome unless the parties have authorised an ex aequo et bono determination. Fresh proceedings were permitted. en-us Mon, 22 Nov 2021 00:00:00 +0530 Thu, 27 Mar 2025 16:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=415040 An arbitral award was set aside because the tribunal did not decide the principal dispute on merits: whether the claimant was entitled to reimbursement of GST and input tax credit under the transitional GST framework, and whether the respondent could lawfully withhold reimbursement on that basis. The tribunal instead adopted a fairness-based split of the possible input tax credit loss, without a definitive finding on the core controversy. The Court held that an arbitral tribunal must decide disputes according to law and cannot substitute an equitable outcome unless the parties have authorised an ex aequo et bono determination. Fresh proceedings were permitted. Case-Laws GST Mon, 22 Nov 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=415040