Landmark JudgmentSupreme Court of IndiaVKC Footsteps: Rule 89(5) and the inverted duty refund battleOn 13 September 2021, a two-judge bench upheld CGST Rule 89(5) and held that refund of unutilised ITC under inverted-duty structure is limited to input goods, excluding input services.Valkya Editorial·1 Jun 2026·10 min