9911796707
TMI BlogEXAMINATION OF REFUND APPLICATIONS AND THE ACTION TO BE TAKEN BY OFFICERSX X X X Extracts X X X X X X X X Extracts X X X X ..... of refund, along with supporting documents, as provided in Annexure-A of CBIC Circular No. 125/44/2019-GST dated 18.11.2019. 7.3 The Application Reference Number (ARN) will be generated only after the applicant has completed the process of filing the refund application in FORM GST RFD-01, and has completed uploading of all the relevant documents and wherever required, the amount has been debited from the Electronic Credit/Cash Ledger. 7.4 Acknowledgement or a Deficiency Memo should be issued within the stipulated period of 15 days, starting from the date of generation of ARN. The acknowledgement for the complete application in FORM GST RFD-02 would be issued electronically by the jurisdictional tax officer based on the documents so receiv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... een issued. 7.10 In terms of Section 54(6) of CGST Act, 2017, the Proper Officer may grant 90% of refund of unutilized input tax credit on provisional basis, claimed on account of zero-rated supply of goods and services, subject to the conditions specified in Rule 91 of the CGST Rules, 2017. The Proper Officer shall make an order in FORM GST RFD-04 within seven days from the date of issuance of acknowledgement in FORM GST RFD-02. 7.11 The payment order in FORM GST RFD-05 shall be issued by the Proper Officer and the same shall be credited electronically to the bank account of the applicant mentioned in the registration particulars. The payment order is required to be revalidated in case if the refund is not disbursed within the same finan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... th interest and penalty, wherever applicable, through FORM GST DRC-03, by debiting the Electronic Cash Ledger, on his own or on being pointed out, an amount equivalent to the amount of erroneous refund deposited by the registered person shall be re-credited to the Electronic Credit Ledger by the Proper Officer by an order made in FORM GST PMT-03A - (a) Refund of IGST obtained in contravention of Rule 96(10) of CGST Rules, 2017. (b) Refund of unutilized ITC on account of export of goods/services without payment of tax. (c) Refund of unutilized ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax. (d) Refund of unutilized ITC due to inverted tax structure. 7.14 Time limit for deciding ref ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... viding the reasons for withholding of the refund amount. Once the reasons for withholding refund no more exist, such withheld refunds may be released by passing an order in Part-B of FORM GST RFD-07. 7.18 On examination of the refund application, if the Proper Officer is satisfied that the whole or any part of the amount claimed as refund is not admissible or is not payable to the applicant then he will issue a notice in FORM GST RFD-08 to the applicant. 7.19 The applicant will file reply electronically in FORM GST RFD-09, if he so desires, within 15 days of the receipt of said notice. The Proper Officer after considering the reply filed, will issue an order electronically in FORM GST RFD-06, sanctioning the amount of refund in whole or ..... X X X X Extracts X X X X X X X X Extracts X X X X
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