AP High Court: Refund Allowed for Pre-July 18th 2022 ITC

Priyanka Refineries Private Limited Vs Deputy Commissioner (ST) (Andhra Pradesh High Court) In a significant ruling for manufacturers facing an “inverted duty structure,” the Andhra Pradesh High Court has set aside a GST Circular that restricted input tax credit (ITC) refunds for edible oils and specialty fats. The judgment, delivered in a batch of four writ petitions filed by Priyanka Refineries Private Limited and similar entities, clarifies that applications for ITC refunds related to periods before July 18, 2022, remain valid, even if filed after that date. The petitioners are ...