https://www.taxtmi.com/article/detailed?id=14643 The Supreme Court has held that refund of unutilised ITC is a statutory concession confined to the specific situations set out in the refund proviso to Section 54(3), not a constitutional right, and that the proviso functions as a restriction on refunds. A High Court has recently permitted refunds where no express prohibition exists, creating an unresolved judicial divergence between permissive and restrictive approaches to refund entitlement. en-us Fri, 13 Jun 2025 08:44:36 +0530 Fri, 13 Jun 2025 08:44:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=14643 The Supreme Court has held that refund of unutilised ITC is a statutory concession confined to the specific situations set out in the refund proviso to Section 54(3), not a constitutional right, and that the proviso functions as a restriction on refunds. A High Court has recently permitted refunds where no express prohibition exists, creating an unresolved judicial divergence between permissive and restrictive approaches to refund entitlement. Articles Goods and Services Tax - GST Fri, 13 Jun 2025 08:44:36 +0530 https://www.taxtmi.com/article/detailed?id=14643