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What is ITC Refund Denied on Business Closure about?

The High Court of Sikkim ruled on WP(C) No.54 of 2023, where SICPA India Private Limited sought to quash an order denying their refund application for unutilized Input Tax Credit (ITC) of ₹4,37,61,402 due to business closure. The court evaluated whether the refund under Section 49(6) of the CGST Act applies to companies discontinuing business, ultimately finding that the current regulations do not allow for such refunds in these circumstances. The court

Author

lingampriya531

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EN