Credit Notes Not Mandatory for Claiming GST Refund on Cancelled Contract: Karnataka HC

Joint Commissioner of Commercial Taxes (Appeals-1) Vs Nam Estates Private Limited (Karnataka High Court) Karnataka High Court, in Joint Commissioner of Commercial Taxes (Appeals-1) v. NAM Estates Private Limited, upheld the right of a purchaser to claim a GST refund for an advance payment made under a contract that was later cancelled. The dispute arose after NAM Estates paid an advance, including GST, for a supply contract with Mavin Switch Gears. When the supplier failed to deliver, the contract was rescinded, and NAM Estates sought a refund of the GST amount. However, tax authorities reject...