https://www.taxtmi.com/forum/issue?id=120065 Whether refund of amounts deposited under protest, paid by utilising CENVAT/ITC balances, can be denied by invoking Section 140(1) of the CGST Act. Deposits under protest retain a contingent character until adjudication; Section 140(1) applies to closing balances transitioned into GST and does not automatically capture credits spent to meet contested liabilities. Denial of refund on transitional grounds requires proof that the same credit was carried forward and not adjusted; otherwise a factual, record based rebuttal and reliance on precedents supporting refund of protested deposits is appropriate. en-us Wed, 28 May 2025 14:20:29 +0530 Fri, 30 May 2025 17:11:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=120065 Whether refund of amounts deposited under protest, paid by utilising CENVAT/ITC balances, can be denied by invoking Section 140(1) of the CGST Act. Deposits under protest retain a contingent character until adjudication; Section 140(1) applies to closing balances transitioned into GST and does not automatically capture credits spent to meet contested liabilities. Denial of refund on transitional grounds requires proof that the same credit was carried forward and not adjusted; otherwise a factual, record based rebuttal and reliance on precedents supporting refund of protested deposits is appropriate. Discussion-Forum GST Wed, 28 May 2025 14:20:29 +0530 https://www.taxtmi.com/forum/issue?id=120065