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TMI BlogGST RefundX X X X Extracts X X X X X X X X Extracts X X X X ..... Good Morning to all Experts, Recommendations of 53rd GST Council Meeting Relaxation in condition of section 16 (4) of the CGST Act : a) In respect of initial years of implementation of GST, i.e., financial years 2017-18, 2018-19, 2019-20 and 2020-21 : The GST Council recommended that the time limit to avail input tax credit in respect of any invoice or debit note under Section 16 (4) of CGST Act , ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... through any return in FORM GSTR 3B filed upto 30.11.2021 for the financial years 2017-18, 2018-19, 2019-20 and 2020-21, may be deemed to be 30.11.2021. For the same, requisite amendment in section 16(4) of CGST Act , retrospectively, w.e.f. 01.07.2017, has been recommended by the Council. My Doubt, Is it is eligible for GST Refund for the year of 2017-2018? - Reply By Padmanathan Kollengode - The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Reply = what is the refund related to? - Reply By Raja Krishnan - The Reply = Dear Sir, During the COVID-19, our Refund application (Zero Rated Sales under LUT without payment of Duty mode) was rejected by the department for the year of 2017-2018 on March 2021 because of time bar. - Reply By Padmanathan Kollengode - The Reply = There was no such proposal in the GST Council for extension of time f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or refund. Anyways, you may consider the following aspects: 1. Kindly check whether the refund was within the relaxation granted during Covid-19 vide Notification No 13/2022 Central Tax . 2. Madras High Court Judgement in Lenovo Case wherein Court has held that the time limit under sec 54 is only directory. - Reply By Raja Krishnan - The Reply = Thank you Padmanathan Sir, Anyway, we will waiting f ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... or proper Notification for clear picture, as per K.L.Sethi sir advise. - Reply By Shilpi Jain - The Reply = I do not see any time relaxation for refund in the press release relating to recent council meeting. - GST Refund - Query Started By: - Raja Krishnan Dated:- 24-6-2024 Last Replied Date:- 26-6-2024 Goods and Services Tax - GST - Got 5 Replies - GST - Discussion Forum - Knowledge Sharing, ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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