Tax Alert - Sikkim High Court allows refund of unutilized input tax credit on account of business closure
Recently, the Sikkim High Court has held that there is no express prohibition in Section 49(6) read with Section 54 and 54(3) of the Central Goods and Services Tax Act, 2017 for claiming a refund of ITC on closure of unit.
We, at BDO India have summarised the ruling. Hope you would find it timely and useful.
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