• Written by TaxField
• Category GST, ITC, Refund, Accumulated, SEZ, ISD
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On 18.02.2022, Hon'ble High Court of Gujarat (C/SCA/638/2021) has allowed GST Refund of accumulated ITC to M/s IPCA Laboratories (SEZ Unit).

In this case the GST ITC accumulated due to taking IGST credit distributed by its ISD and IGST on inward supply charged by the supplier.  The HC directed the department to process claim of refund of the unutilized IGST Credit of Rs.21,66,887 lying in the Electronic Credit Ledger under Section 54 of the CGST Act 2017 within a period of three weeks.