https://www.taxtmi.com/caselaws?id=764655 Gujarat HC held that Rule 89(5) amendment under GST Act is retrospective and clarificatory, not prospective. Court quashed CBIC Circular No. 181/22 dated 10.11.2022 insofar as it treated the amendment as non-clarificatory. Following Ascent Meditech Ltd. precedent, HC ruled that Notification No. 14/2022 applies retrospectively to refund applications filed within two years under Section 54(1). Petitioners entitled to refunds under amended formula despite authorities' rejection based on old formula already being granted. Petition allowed. en-us Fri, 20 Dec 2024 00:00:00 +0530 Tue, 03 Jun 2025 14:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=764655 Gujarat HC held that Rule 89(5) amendment under GST Act is retrospective and clarificatory, not prospective. Court quashed CBIC Circular No. 181/22 dated 10.11.2022 insofar as it treated the amendment as non-clarificatory. Following Ascent Meditech Ltd. precedent, HC ruled that Notification No. 14/2022 applies retrospectively to refund applications filed within two years under Section 54(1). Petitioners entitled to refunds under amended formula despite authorities' rejection based on old formula already being granted. Petition allowed. Case-Laws GST Fri, 20 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=764655