Refund of accumulated ITC permissible when rate of certain inputs are higher than rate on output supply

Indian Oil Corporation Limited Vs Commissioner of Central Goods And Services Tax & Ors. (Delhi High Court) Delhi High Court held that refund of accumulated Input Tax Credit (ITC) permissible as rate of taxes on certain inputs being higher than tax chargeable on the output supply. Facts- The petitioner has filed the present petition being aggrieved by denial of claims for the refund of accumulated Input Tax Credit. The same was denied to the petitioner on the ground that the rate of tax on input supply and output supply are the same. According to the Revenue, the refund is not permissible i...