Madras HC declares Rule 89 (5) as intra-vires Section 54 in case of inverted-duty structure

Madras HC pronounces its conclusion on the batch of petitions on inverted duty structure (IDS), holding that section 54 of the CGST Act is not violative of Article 14 and also that Rule 89(5) is intra vires Section 54; Dismisses the challenge to said provisions which prevented a refund of ITC on input services to an assessee facing an IDS; Before the HC, Petitioner argued that Section 54(3) proviso creates a distinction between two asse...