Gujarat HC allows refund of input services under inverted duty structure

Gujarat HC allows credit on inputs services for claiming refund by way of inverted duty structure (IDS), read down Explanation (a) to the Rule 89(5) to the extent that Explanation (a) which defines “Net Input Tax Credit’ means “input tax credit” only; Observes that "Explanation (a) to Rule 89(5) which denies the refund of “unutilised input tax” paid on “input services” as part of “input tax credit” accumulated on account of inverted duty structure is ...