https://www.taxtmi.com/caselaws?id=470014 Transitional refunds under Section 142(5) of the Central Goods and Services Tax Act, 2017 cover service tax paid under the earlier regime where insurance policies were cancelled and services were not provided. The text explains that the one-year limitation under Section 11B of the Central Excise Act, 1944 should not bar such claims when the statutory conditions for refund are satisfied. It further states that unjust enrichment is avoided where premium and tax received through financiers or agents are returned through the same channel and ultimately credited to the insured. On that reasoning, cash refund is described as legally admissible where the tax incidence is not retained by the assessee. en-us Mon, 06 Apr 2026 00:00:00 +0530 Mon, 13 Jul 2026 18:58:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470014 Transitional refunds under Section 142(5) of the Central Goods and Services Tax Act, 2017 cover service tax paid under the earlier regime where insurance policies were cancelled and services were not provided. The text explains that the one-year limitation under Section 11B of the Central Excise Act, 1944 should not bar such claims when the statutory conditions for refund are satisfied. It further states that unjust enrichment is avoided where premium and tax received through financiers or agents are returned through the same channel and ultimately credited to the insured. On that reasoning, cash refund is described as legally admissible where the tax incidence is not retained by the assessee. Case-Laws Service Tax Mon, 06 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470014