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TMI BlogLegalities of Input Tax Credit Refunds (IGST), period of limitation and COVID-19 pandemic: A Case Study AnalysisX X X X Extracts X X X X X X X X Extracts X X X X ..... the complexities surrounding the refund of unutilised Input Tax Credit (ITC) under the Integrated Goods and Services Tax Act 2017 and the Central Goods and Services Tax Act 2017 . This case, involving a Business Process Outsourcing company, highlights the challenges faced by businesses in navigating the procedural intricacies of tax laws, especially in the context of pandemic-induced disruptio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... im. The petitioner's counsel argued that the COVID-19 pandemic period should be excluded from the limitation period for filing the refund application, as per Notification No.13/2022-C.T. dated 05.07.2022 . This notification excluded the period from 01.03.2020 to 28.02.2022 for computing the limitation period under Section 54 of the CGST Act . The counsel contended that, with this exclusion ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... issued from April 2018 to August 2018. The court concluded that the notification explicitly required the exclusion of the pandemic period for calculating the limitation period for filing a refund application under Section 54 of the CGST Act . Extending the benefit of this notification to the petitioner meant that the refund application dated 04.09.2020 was within the two-year p ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... isions, especially in extraordinary circumstances. The case serves as a precedent for future disputes involving similar issues and brings clarity to the legal understanding of ITC claims and refunds under the GST framework. Full Text : 2024 (1) TMI 623 - MADRAS HIGH COURT - FAQ - Frequently Asked Questions, TMI Short Notes , Experts comment, opinion Tax Management India - taxma ..... X X X X Extracts X X X X X X X X Extracts X X X X
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