Indian Oil Corporation Ltd. Vs Assistant Commissioner of Central Tax (Karnataka High Court)
Date: August 19, 2024
Court: High Court
Bench: Karnataka
Type: Writ Petition
Subject Matter
Karnataka HC Allows Refund of ITC under Inverted Duty Structure Even When Input & Output Are Same
Summary
Karnataka High Court in Indian Oil Corporation Ltd. vs Assistant Commissioner of Central Tax addressed whether refund of accumulated Input Tax Credit (ITC) under the inverted duty structure can be denied when the input and output goods are the same .…