Madras HC Allows Refund of Unutilized Pre-GST ITC

Dell International Services India (P.) Ltd. Vs Union of India (Madras High Court) Madras High Court held that accumulated Input Tax Credit available under previous regime which the petitioner was unable to utilise. Thus, tax liability discharged in cash during relevant period is allowed as refund provided equal amount is debited from electronic credit ledger. Facts- The petitioner was an assessee under the provisions of the Finance Act, 1994 and had reportedly accumulated Input Tax Credit (ITC) for a sum of 82,91,19,712/-. It is the case of the petitioner that the petitioner paid an amount of ...