Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A

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..... were being faced by the taxpayers in taking re-credit of the amount in the electronic credit ledger in cases where any excess or erroneous refund sanctioned to them had been paid back by them either on their own or on being pointed by the tax officer. In order to resolve this issue, GSTN has recently developed a new functionality of FORM GST PMT-03A which allows proper officer to re-credit the amount in the electronic credit ledger of the taxpayer. Further, sub-rule (4B) in rule 86 of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as CGST Rules ) has been inserted vide Notification No. 14/2022-CT dated 05.07.2022 to provide for re-credit in the electronic credit ledger where the taxpayer deposits the erro .....

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..... ule (10) of rule 96 . b. Refund of unutilised ITC on account of export of goods/services without payment of tax. c. Refund of unutilised ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax. d. Refund of unutilised ITC due to inverted tax structure. 4. Procedure for re-credit of amount in electronic credit ledger: 4.1 The taxpayer shall deposit the amount of erroneous refund along with applicable interest and penalty, wherever applicable, through FORM GST DRC-03 by debit of amount from electronic cash ledger. While making the payment through FORM GST DRC-03 , the taxpayer shall clearly mention the reason for making payment in the text box as the deposit of erroneous refu .....

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..... ion will follow. (Sanjay Mangal) Principal Commissioner (GST) Annexure-A From, GSTIN - ___________ Legal Name- _________ Trade Name- __________ To, Jurisdictional Proper officer, Address __________ Subject: Request for re-credit of amount in Electronic Credit Ledger I/We have been granted refund under the following category (please tick the relevant category): a. Refund of IGST, obtained in contravention of sub-rule (10) of rule 96 of the CGST Rules, 2017. b. Refund of unutilised ITC on account of export of goods/services without payment of tax. c. Refund of unutilised ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax. d. Ref .....

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