https://www.taxtmi.com/caselaws?id=422761 The HC set aside the order rejecting petitioner's refund application for unutilized input tax credit related to exported "Iron Ore Fines." The CT & GST Organization admitted the rejection was erroneous. The Court noted that goods exported at Nil Rate of Tax qualify as "exempt supply" under OGST/CGST Act, and per a 2021 circular, goods not subjected to export duty (including those with Nil Rate) should not be restricted from refund of accumulated input tax credit. The matter was remanded to the Appellate Authority for fresh decision considering the Division Bench judgment dated November 25, 2021. en-us Tue, 17 May 2022 00:00:00 +0530 Thu, 03 Apr 2025 10:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422761 The HC set aside the order rejecting petitioner's refund application for unutilized input tax credit related to exported "Iron Ore Fines." The CT & GST Organization admitted the rejection was erroneous. The Court noted that goods exported at Nil Rate of Tax qualify as "exempt supply" under OGST/CGST Act, and per a 2021 circular, goods not subjected to export duty (including those with Nil Rate) should not be restricted from refund of accumulated input tax credit. The matter was remanded to the Appellate Authority for fresh decision considering the Division Bench judgment dated November 25, 2021. Case-Laws GST Tue, 17 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422761