HC LETS AIRTEL CLAIM ₹923 CR GST RELIEF

NEW DELHI: The Delhi high court on Tuesday allowed Bharti Airtel Ltd to claim goods and services tax (GST) refund of ₹923 crore by rectifying its returns for the September quarter of 2017. The decision comes at a time when the telecom sector is facing turbulent times. The company had excess input tax credits but could not use them to adjust final tax liability because of the regulatory and technology-related uncertainties at the time of India’s transition to the new indirect tax regime in 2017. Curbs on adjusting past tax return after excess input tax credits were noticed prevented Bharti Airtel from claiming the benefit so far.