Refund for unutilized ITC was not allowed except in specific circumstances u/s 54 of CGST

Sterlite Power Transmission Ltd. Vs Additional Commissioner (Appeals) (Tripura High Court)

Conclusion: Refund for unutilized Input Tax Credit ( ITC ) could only be claimed under specific circumstances prescribed under Section 54, therefore, assessee was under a misconception of law had sought refund of the accumulated ITC in its electronic credit ledger when there had been no duplication of payment of tax for any tax period.

Held: Assessee was a registered taxpayer under GST. During the tax period March, 2021, his electronic credit ledger wa

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