Rule 89(5) – Restriction on refund of ITC under inverted tax structure- SC reserves order

Union of India Vs Quarry Owners Association (Supreme Court of India)

Rule 89(5) – Restriction on refund of ITC under inverted tax structure- SC reserves order

Supreme Court reserved the order on constitutional validity and vires of Rule 89(5) of the CGST Rules which  restrict the refund of taxes on input services under inverted tax structure. Supreme Court heard the matter  extensively for four (4) days.

FULL TEXT OF THE SUPREME COURT JUDGEMENT

O R D E R

1. Leave granted.

2. Arguments concluded.

3. Judgment reserved.