No Refund on entire Unutilised ITC accumulated on account of being subjected to an Inverted Duty Structure: Madras HC [Read Judgment]

The Madras High Court while dismissing the plea of the petitioners challenging the denial of unutilised Input Tax Credit (ITC) refund on ‘input services’ under ‘inverted duty structure’. As many as 6 writ petitions were filed to seek the answer to the question whether the petitioners are entitled to a refund of the entire unutilised […]

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