Reversal of Earlier-Period Credit Does Not Reduce ‘Net ITC’ Under Rule 89(4): GSTAT Ranchi Upholds Cess Refund to an Exporter
Introduction Eporters who supply goods without payment of tax frequently find that the credit they have accumulated on inputs cannot be used against any output liability, and must instead be recovered through a refund claim. How the amount of that refund is computed is therefore a question of considerable commercial im
