Madras HC's notice to Revenue in writ challenging Rule 89(5) on refund of inverted duties

Madras HC issues notice to Revenue in writ challenging Rule 89(5) of CGST and TNGST Rules, 2017; Petitioner argued that Rule 89(5) envisaging that Net ITC for purpose of granting refund of inverted duties, excludes input tax on services, is contrary to drill prescribed u/s 54; Directs authorities to take into consideration the refund application of assessee including ITC on services while granting 3 weeks’ time to the Revenue to file a reply : Madras HC...