Shabnam Petrofils Pvt. Ltd. Vs Union of India
Date: July 17, 2019
Subject Matter
Section 54(3) of the CGST Act does NOT empower the Central Government to provide for the lapsing of the unutilised ITC on account of inverted duty structure
Summary
According to the petitioners, Notification No.20/2018 dated 26/7/2018 issued extends the restriction on the utilization of unutilized input tax credit for and up to the month of July, 2018 and further states that on the inward supplies received upto…
1.00. As common question of law arise in both these petition and as in both these petitions, the petitioners have challenged the provisions of Central Goods and Service Tax Act, 2017 and Notification and Circular issued there under, by which the inverted tax structure refund of excess duty is not granted, the same are heard, decided and disposed of by this common order. 2.00. By way of Special Civ…