Refund of Input Tax Credit (‘ITC’)

In the case of Alstom Transport India Ltd vs. Additional Commissioner, CGST and Central Excise (Appeals) & Ors. (Gujarat High Court, judgment dated January 23, 2026), the Court held that after an amalgamation, the transferor company cannot partially transfer its Input Tax Credit (ITC) to the resulting company via FORM GST ITC-02 while claiming a refund of the remaining balance ITC.