Supreme Court Upholds Strict Compliance for 0.1% GST Concessional Rate Available to Merchant Exporters

In this case, the petitioner, M/s Time Technoplast Ltd., challenged the denial of the concessional GST rate of 0.1% IGST available under Notification No. 41/2017-Integrated Tax (Rate) dated 23.10.2017, which grants a concessional rate on supplies made to merchant exporters subject to fulfillment of specified conditions. The dispute centered around whether the petitioner had satisfied the mandatory…