https://www.taxtmi.com/caselaws?id=755188 The Gujarat HC allowed the petitioner's appeal regarding refund of unutilized ITC on zero-rated supplies. The court held that denial of refund merely because no balance existed in electronic credit ledger at month-end (July-August 2017) was improper, as CENVAT credit carry-forward was approved only in September 2017. This would prevent utilization of carried forward credits, violating Section 140(1) of CGST Act. The HC quashed the Commissioner (Appeals) order dated 07.03.2019, show cause notice dated 02.12.2020, and recovery orders dated 16.02.2021 and 07.03.2019, allowing the appeal. en-us Fri, 14 Jun 2024 00:00:00 +0530 Sat, 06 Jul 2024 09:56:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=755188 The Gujarat HC allowed the petitioner's appeal regarding refund of unutilized ITC on zero-rated supplies. The court held that denial of refund merely because no balance existed in electronic credit ledger at month-end (July-August 2017) was improper, as CENVAT credit carry-forward was approved only in September 2017. This would prevent utilization of carried forward credits, violating Section 140(1) of CGST Act. The HC quashed the Commissioner (Appeals) order dated 07.03.2019, show cause notice dated 02.12.2020, and recovery orders dated 16.02.2021 and 07.03.2019, allowing the appeal. Case-Laws GST Fri, 14 Jun 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=755188