https://www.taxtmi.com/caselaws?id=462994 The HC upheld the validity of Rule 89(5) regarding the refund of unutilized input tax credit, aligning with the SC's ruling in Union of India v. VKC Footsteps. The Court found the formula neither ambiguous nor unworkable, despite potential inequities. The respondents failed to justify a different interpretation. Consequently, the HC directed the release of the specified refund amounts to the petitioners within three months from receipt of the order. The petitions were allowed. en-us Wed, 18 Dec 2024 00:00:00 +0530 Tue, 29 Jul 2025 20:09:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=462994 The HC upheld the validity of Rule 89(5) regarding the refund of unutilized input tax credit, aligning with the SC's ruling in Union of India v. VKC Footsteps. The Court found the formula neither ambiguous nor unworkable, despite potential inequities. The respondents failed to justify a different interpretation. Consequently, the HC directed the release of the specified refund amounts to the petitioners within three months from receipt of the order. The petitions were allowed. Case-Laws GST Wed, 18 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=462994