GST refund can be granted under IDS as per modified formula: Gujarat HC

Tirth Agro Technology Pvt. Ltd. & Anr. Vs Union Of India & Ors. (Gujarat High Court) The Hon’ble Gujarat High Court in the case of Tirth Agro Technology Pvt. Ltd. & Anr. v. Union of India & Ors. [R/Special Civil Application No. 11649 of 2023 dated December 20, 2024] allowed the writ petitions seeking GST refund under Inverted Duty Structure (“IDS”) based on Section 54(3) of the Central Goods and Services Tax Act, 2017 (“the CGST Act”) read with Rule 89(5) of the Central Goods and Services Tax Rules, 2017 (“the CGST Rules”). The Assessee filed a rectification appli...