Software Export Not Intermediary Service; GST Refund to Be Released with Interest: Karnataka HC

Informatica Business Solutions Private Limited Vs ACIT (Karnataka High Court) The petitioner challenged a refund rejection order and related computation sheet issued for the tax period April to June 2024, seeking quashing of the impugned orders and a direction to grant the balance refund of ₹2,24,24,605 claimed as accumulated unutilized input tax credit (ITC). The petitioner is engaged in providing software development, support, and customer services to its foreign parent company in the USA and contended that such services qualify as zero-rated supplies, entitling it to refunds under the ap...