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- Whether refund of unutilized input tax credit is allowed on closure of business?
Whether refund of unutilized input tax credit is allowed on closure of business?
TRT-2026-1377
Issue Favourable to Tax Payer ?:- yes
Held - As can be seen in Slovak India Trading Company Private Limited the company had applied for refund for unutilized input credit which was available, at the time of closure of unit. The Customs, Excise And Service Tax Appellate Tribunal (CESTAT) allowed the refund stating inter alia that it cannot be rejected on closure of the company. The High Court agreed and opi.....
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