https://www.taxtmi.com/article/detailed?id=13379 The Gujarat High Court held that assessees who filed refund applications within the two year period under Section 54(1) and sought rectification within that period are entitled to recalculation and payment of differential refunds under the amended Rule 89(5) formula. The court rejected application of the Notification and Circular to deny amended formula relief prospectively and directed authorities to release the differential refund amounts to petitioners. en-us Thu, 23 Jan 2025 09:58:24 +0530 Thu, 23 Jan 2025 09:58:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13379 The Gujarat High Court held that assessees who filed refund applications within the two year period under Section 54(1) and sought rectification within that period are entitled to recalculation and payment of differential refunds under the amended Rule 89(5) formula. The court rejected application of the Notification and Circular to deny amended formula relief prospectively and directed authorities to release the differential refund amounts to petitioners. Articles Goods and Services Tax - GST Thu, 23 Jan 2025 09:58:24 +0530 https://www.taxtmi.com/article/detailed?id=13379