Refund framework amendments streamline claim timelines and clarify zero-rated supply rules for Special Economic Zone transactions.

The refund framework under section 54 of the Central Goods and Services Tax Act was amended to modify the conditions and timelines for claiming refunds. The proviso to sub-section (1) was aligned by substituting the reference to the return furnished under section 39 with "such form and"; sub-section (2) was amended by extending the refund claim period from six months to two years; and sub-section (10) was corrected by omitting the words "under sub-section (3)". A new Explanation clause clarifies the due date reference for zero-rated supplies to a Special Economic Zone developer or unit.

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