Petition on Retrospective Amendment in GST Laws denying Benefit of Refund of Unutilized Input Tax Credit: Gujarat HC Stays Demand

The Gujarat High Court has granted an interim stay of a demand notice wherein the petitioner challenged the retrospective amendment in the Goods and Services Tax (GST) laws where a change was brought in refund provision, denying the benefit of refund of unutilized input tax credit. The petitioners, Shree Rama Newsprint Limited has approached the Court seeking a declaration that Rule…