The Supreme Court upholds the constitutional validity of rule 89(5) – refund is not available in respect of credit on input services accumulated on account of inverted duty structure – UOI & Ors. Vs. VKC Footsteps India Pvt. Ltd.
Hon’ble Supreme Court inter alia held that the challenge to Rule 89(5) of the Central Goods and Service Tax Rules, 2017 (CGST Rules), as a piece of delegated legislation.
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