https://www.taxtmi.com/caselaws?id=770266 The Karnataka HC ruled in favor of the petitioner regarding refund of accumulated Input Tax Credit under Section 54(3)(ii) of the CGST Act, 2017's inverted duty structure provisions. The court held that the section does not prohibit refunds where input and output goods are identical, and that Circular No. 135/05/2020-GST was erroneously applied by respondent authorities as it only addresses scenarios with different tax rates at different time points. The court quashed the impugned orders and directed respondent to grant the refund with applicable interest within stipulated timeframe. The petition was allowed. en-us Tue, 20 Aug 2024 00:00:00 +0530 Tue, 21 Jul 2026 14:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=770266 The Karnataka HC ruled in favor of the petitioner regarding refund of accumulated Input Tax Credit under Section 54(3)(ii) of the CGST Act, 2017's inverted duty structure provisions. The court held that the section does not prohibit refunds where input and output goods are identical, and that Circular No. 135/05/2020-GST was erroneously applied by respondent authorities as it only addresses scenarios with different tax rates at different time points. The court quashed the impugned orders and directed respondent to grant the refund with applicable interest within stipulated timeframe. The petition was allowed. Case-Laws GST Tue, 20 Aug 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=770266