https://www.taxtmi.com/caselaws?id=794191 Transitional VAT credit carried into the GST electronic credit ledger cannot be refunded in cash under Section 54(3) on the basis of inverted duty structure, because the GST scheme distinguishes between utilisation of carried-forward credit and refund of unutilised GST credit, and the second proviso to Section 142(3) bars refund of transitioned credit under Section 140. The rejected portion of a refund claim may, however, be re-credited to the electronic credit ledger under Rule 93, subject to verification and issuance of the prescribed order in Form GST PMT-03. The writ petition therefore succeeded only to the limited extent of re-credit. en-us Mon, 29 Jun 2026 00:00:00 +0530 Wed, 01 Jul 2026 08:47:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=794191 Transitional VAT credit carried into the GST electronic credit ledger cannot be refunded in cash under Section 54(3) on the basis of inverted duty structure, because the GST scheme distinguishes between utilisation of carried-forward credit and refund of unutilised GST credit, and the second proviso to Section 142(3) bars refund of transitioned credit under Section 140. The rejected portion of a refund claim may, however, be re-credited to the electronic credit ledger under Rule 93, subject to verification and issuance of the prescribed order in Form GST PMT-03. The writ petition therefore succeeded only to the limited extent of re-credit. Case-Laws GST Mon, 29 Jun 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=794191