HC directs dept to issue refund of unutilized Input Tax Credit

Vinod Oil and General Mills Vs Union of India and others (Punjab & Haryana High Court) According to the Petitioner, despite applying for refund of unutilized Input Tax Credit amounting to Rs. 14,21,479/- accumulated on account of inverted tax structure, in form RFD-01, under Section 54 (3) (b) of the Central Goods and Service Tax Act, 2017 (‘CGST Act’), read with the relevant CGST Rules, 2017 for the year 2017-18 (July to March) on 11th January, 2020 itself, the aforesaid amount has not yet been refunded to the Petitioner. Court considers it appropriate to dispose of the present petiti...