https://www.taxtmi.com/caselaws?id=758423 Reversal of transitional VAT credit carried into GST through TRAN 1 did not defeat refund of the underlying unutilized VAT input tax credit, because once the credit was revised to nil and reversed in the electronic credit ledger, no surviving utilization remained. On that basis, refund under the Gujarat VAT framework could not be refused merely by reference to section 142(3) of the GST Act. The refund was required to be processed under the VAT law, and statutory interest was payable under section 38 of the VAT Act from the date the refund became due until payment. en-us Thu, 02 May 2024 00:00:00 +0530 Thu, 12 Sep 2024 15:51:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=758423 Reversal of transitional VAT credit carried into GST through TRAN 1 did not defeat refund of the underlying unutilized VAT input tax credit, because once the credit was revised to nil and reversed in the electronic credit ledger, no surviving utilization remained. On that basis, refund under the Gujarat VAT framework could not be refused merely by reference to section 142(3) of the GST Act. The refund was required to be processed under the VAT law, and statutory interest was payable under section 38 of the VAT Act from the date the refund became due until payment. Case-Laws GST Thu, 02 May 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=758423