Section 54 of CGST Act doesn’t envisage refund of unutilized ITC for closure of business

Union of India Vs SICPA India Private Limited (Sikkim High Court) Sikkim High Court held that section 54 of the Central Goods and Services Tax Act [CGST Act] doesn’t envisage refund of unutilized ITC for closure of business. Thus, rejection of refund application is within parameters of section 54 and lawful. Facts- The writ appeal preferred by the Union of India desires the interpretation of section 49(6) and section 54(3) of the Central Goods and Services Tax Act, 2017 by the Division Bench. The interpretation of the provisions arises as the respondent – SICPA India Private Ltd. insis...