Karnataka HC Allows Refund of ITC under Inverted Duty Structure Even When Input & Output Are Same

Indian Oil Corporation Ltd. Vs Assistant Commissioner of Central Tax (Karnataka High Court)

Karnataka High Court in Indian Oil Corporation Ltd. vs Assistant Commissioner of Central Tax addressed whether refund of accumulated Input Tax Credit (ITC) under the inverted duty structure can be denied when the input and output goods are the same. The Court decisively held that such refund is permissible and direc

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