Win for TATA Steel: Jharkhand HC Directs ₹1.23 Cr GST Refund for Wrongful Rejection of ITC on Compensation Cess

The Jharkhand High Court ruled in favor of Tata Steel, directing a ₹1.23 crore GST refund for the wrongful rejection of ITC (Input Tax Credit) on compensation cess. The court found that the tax authorities had incorrectly denied Tata Steel's claim for ITC on the compensation cess paid. This decision allows Tata Steel to receive the refund and has implications for other businesses that may have faced similar issues with ITC claims on compensation cess.