Supreme Court explains the excess input VAT refund scheme under new GST law electrónico Tarun Jain
By: Jain, Tarun
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Material type: 
ArticleSubject(s): IMPUESTO SOBRE EL VALOR AÑADIDO | NEUTRALIDAD | JURISPRUDENCIA | INDIA
In:
International VAT Monitor 2022 (Volume 33), No. 1, p. 32-36Summary: n line with the neutrality principle, India’s new GST law provides for refund of excess input VAT when input supplies are taxed at a higher rate than output supplies. However, the refund is available only where input goods suffer higher tax and no refund is available for higher tax on input services. Taxable persons challenged this discrimination between input goods and input services. Recently, the Supreme Court of India has rejected this challenge. In this article, the author explains the Supreme Court’s decision and its far-reaching implications for taxable persons.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Recursos electrónicos | IEF | IEF | IVM/2022/1-6 (Browse shelf) | Available | IVM/2022/1-6 |
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n line with the neutrality principle, India’s new GST law provides for refund of excess input VAT when input supplies are taxed at a higher rate than output supplies. However, the refund is available only where input goods suffer higher tax and no refund is available for higher tax on input services. Taxable persons challenged this discrimination between input goods and input services. Recently, the Supreme Court of India has rejected this challenge. In this article, the author explains the Supreme Court’s decision and its far-reaching implications for taxable persons.
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