GST’s ‘inverted’ logic on refunds

Denying refund on service inputs that go into a product and permitting refund only on the non-service component forces one to question the concept of equity in the GST law  The government should be pleased that the GST collections for the month of January 2020 have also crossed the magical figure of ₹1 lakh crore. Taxpayers who are eligible to claim GST refunds should also be pleased as they…