https://www.taxtmi.com/article/detailed?id=11350 The court held that Rule 89(4)(c), which capped refunds for exports made under the LUT model to 1.5 times the value of like domestic supplies, is ultra vires the CGST and IGST Acts because it undermines the statutory objective of zero-rating, introduces undefined terms, produces anomalous results where domestic turnover is nil, and discriminates between LUT and IGST-payment refund routes; the revenue was directed to accept the petitioner's refund claims and the writ petition was allowed. en-us Mon, 24 Apr 2023 09:12:20 +0530 Mon, 24 Apr 2023 09:12:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=11350 The court held that Rule 89(4)(c), which capped refunds for exports made under the LUT model to 1.5 times the value of like domestic supplies, is ultra vires the CGST and IGST Acts because it undermines the statutory objective of zero-rating, introduces undefined terms, produces anomalous results where domestic turnover is nil, and discriminates between LUT and IGST-payment refund routes; the revenue was directed to accept the petitioner's refund claims and the writ petition was allowed. Articles Goods and Services Tax - GST Mon, 24 Apr 2023 09:12:20 +0530 https://www.taxtmi.com/article/detailed?id=11350