Andhra Pradesh HC Holds Amended Rule 89(5) Formula for GST Inverted Refunds Applies Retrospectively - SAG Infotech Official Tax Blog

The Andhra Pradesh High Court has stated that the revised formula under Rule 89 (5) of the GST Rules for inverted duty refunds is retrospectively applicable. The bench of Justice R Raghunandan Rao and Justice T.C.D.Sekhar has cited that the revision to the formula in Rule 89(5) must be considered to be clarificatory in nature and, consequently, would be retrospective. However, the orders of reject…