VSM Weavess India Private Limited Vs Assistant Commissioner (ST)
Date: January 17, 2024
Subject Matter
Refund claim cannot be rejected on the ground that debit entries were not made
Summary
The petitioner, a textile manufacturing company, claimed unutilized Input Tax Credit (ITC) due to an inverted duty structure and also sought a refund for zero-rated export sales under the GST Act. However, the refund application was rejected by the r…
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT In these three writ petitions, which pertain to different and distinct assessment periods, the common petitioner assails three separate deficiency memos issued by the respondent. 2. The petitioner states that it is a textile manufacturing company, which uses viscose yarn as a raw material for the manufacturer of viscose fabrics. Sinc…