Processing of Refund of Claim [ Section 54(5) & 54(7) ]

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..... ction 57 of CGST Act 2017. Time limit for Refund [ Section 54(7) ] * The proper officer shall issue a order for acceptance / rejection of refund within 60 days from the date of receipt of application. * Circular No. 3/3/2017 - GST dated 05-07-2017 clarifies Deputy or Assistant Commissioner of Central Tax to be proper officer for the purpose of refund. Relevant Case Law Applicability of conc .....

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..... tioned will be credited to the Consumer Welfare Fund in terms of section 54(5) of CGST Act, 2017. It will, instead of being credited to the fund, be paid to the claimant in situations mentioned in Section 54(8). Thus, the principle will not apply to refund claims arising on account of exports, refund of accumulated ITC on account of exports and inverted rate structure, where wrong tax is paid (IGS .....

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