https://www.taxtmi.com/caselaws?id=436838 Refund of accumulated unutilised input tax credit under an inverted duty structure is governed by the statutory formula in Section 54(3) of the Odisha GST Act read with Rule 89(5) of the Odisha GST Rules, and the authority must assess the claim on the basis of the prescribed documents. Where only a limited portion of the refund is disputed on grounds of mismatch or further verification, rejection of the entire claim is not justified if the undisputed balance is ascertainable. The petitioner was therefore entitled to release of the admitted refund amount, while the disputed portion remained for determination in accordance with law. en-us Wed, 19 Apr 2023 00:00:00 +0530 Wed, 16 Apr 2025 10:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=436838 Refund of accumulated unutilised input tax credit under an inverted duty structure is governed by the statutory formula in Section 54(3) of the Odisha GST Act read with Rule 89(5) of the Odisha GST Rules, and the authority must assess the claim on the basis of the prescribed documents. Where only a limited portion of the refund is disputed on grounds of mismatch or further verification, rejection of the entire claim is not justified if the undisputed balance is ascertainable. The petitioner was therefore entitled to release of the admitted refund amount, while the disputed portion remained for determination in accordance with law. Case-Laws GST Wed, 19 Apr 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=436838