https://www.taxtmi.com/caselaws?id=772721 HC held that refund of unutilized Input Tax Credit under Section 49(6) of CGST Act is not limited to companies carved out under Section 54(3) but extends to every registered company upon business discontinuance. Relying on Slovak India Trading Company precedent where CESTAT and Karnataka HC allowed refund at unit closure, court found no express prohibition in relevant rules. The impugned order was set aside and petition allowed, establishing broader right to ITC refund for all registered entities discontinuing business operations. en-us Tue, 10 Jun 2025 00:00:00 +0530 Thu, 12 Jun 2025 16:05:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=772721 HC held that refund of unutilized Input Tax Credit under Section 49(6) of CGST Act is not limited to companies carved out under Section 54(3) but extends to every registered company upon business discontinuance. Relying on Slovak India Trading Company precedent where CESTAT and Karnataka HC allowed refund at unit closure, court found no express prohibition in relevant rules. The impugned order was set aside and petition allowed, establishing broader right to ITC refund for all registered entities discontinuing business operations. Case-Laws GST Tue, 10 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=772721