https://www.taxtmi.com/caselaws?id=760406 The HC dismissed the petition seeking refund of Input Tax Credit (ITC) accrued under the VAT regime during transition to GST. The court held that Section 18(1)(a) and transitional provisions under Section 140 permit carrying forward ITC as set-off against output tax under GST, but do not allow cash refund of such credit. Claims had to be made within prescribed time limits, including the initial deadline and the extended window as per SC directions, via Form GSTR TRAN-1. Since the petitioner failed to comply, no refund was warranted. The order rejecting the refund claim was upheld, confirming that only ITC set-off, not refund, is permissible in such cases. en-us Wed, 10 Jul 2024 00:00:00 +0530 Thu, 24 Jul 2025 14:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=760406 The HC dismissed the petition seeking refund of Input Tax Credit (ITC) accrued under the VAT regime during transition to GST. The court held that Section 18(1)(a) and transitional provisions under Section 140 permit carrying forward ITC as set-off against output tax under GST, but do not allow cash refund of such credit. Claims had to be made within prescribed time limits, including the initial deadline and the extended window as per SC directions, via Form GSTR TRAN-1. Since the petitioner failed to comply, no refund was warranted. The order rejecting the refund claim was upheld, confirming that only ITC set-off, not refund, is permissible in such cases. Case-Laws GST Wed, 10 Jul 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=760406