Tagged “refund”

2 articles on refund.

Union of India v. Torrent Power: IGST refund to the Consumer Welfare Fund

On 10 February 2026, a two-judge bench ordered ₹19.28 crore IGST refund credited to the Consumer Welfare Fund, holding Section 54 CGST Act an exhaustive code and rejecting an 'alien modality' tariff-adjustment route.

Valkya Editorial·1 Jun 2026·10 min

Landmark JudgmentSupreme Court of India

VKC Footsteps: Rule 89(5) and the inverted duty refund battle

On 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