18 Sept 2021

Supreme Court Uphelds Madras High Court Decision

Latest reports have been coming in from the national capital of the country New Delhi where the Supreme Court has upheld the Madras High Court order that inverted duty refund is permissible only with respect to inputs and not for input services.

The ruling thus put an end to the uncertainty on allowing Input Tax Credit (ITC) on input service in inverted tax structure under the Goods & Services Tax (GST) while computing refund. 

The uncertainty arose after the high courts of Gujarat and Madras gave contradictory verdicts on the subject.

According to Moneycontrol Input Tax Credit and inverted tax structure under the GST, the contradictory rulings by the high courts and the top court’s verdict.

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