Supreme Court Upholds Validity Of Provision That Curtails Benefit Of Tax Credit

The Supreme Court has upheld the constitutional validity of refund provisions in case of inverted duty structure under the goods and services tax law.  The apex court’s order—pronounced by a bench of Justices DY Chandrachud and BV Nagharathna—is a result of two appeals. One, filed by the government against the Gujarat High Court ruling which had held these provisions to be unconstitutional. A…