https://www.taxtmi.com/caselaws?id=790269 Refund of unutilised input tax credit under the inverted duty structure must be reconsidered in light of the Supreme Court's ruling on Rule 89(5) of the CGST Rules, including the exclusion of input services from "Net ITC" as discussed in VKC Footsteps. The writ court did not decide the refund computation on merits and instead left the claim to the competent authority for fresh consideration. If the authority disagrees with the computation, it should pass a reasoned speaking order expeditiously. en-us Mon, 13 Apr 2026 00:00:00 +0530 Tue, 21 Apr 2026 16:12:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790269 Refund of unutilised input tax credit under the inverted duty structure must be reconsidered in light of the Supreme Court's ruling on Rule 89(5) of the CGST Rules, including the exclusion of input services from "Net ITC" as discussed in VKC Footsteps. The writ court did not decide the refund computation on merits and instead left the claim to the competent authority for fresh consideration. If the authority disagrees with the computation, it should pass a reasoned speaking order expeditiously. Case-Laws GST Mon, 13 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790269