Refund of tax: statutory procedure for claiming refunds, provisional payouts for exports, and withholding for outstanding liabilities. The statute permits persons who paid tax, interest or other amounts to apply for refund to the proper officer within prescribed time limits, with registered persons able to claim electronic cash ledger balances via returns. Refund of unutilized input tax credit is allowed at the end of a tax period subject to specified exclusions. Applications require prescribed documentary evidence or, for smaller claims, a declaration that tax incidence was not passed on. The proper officer must order refunds within sixty days, may make provisional payouts for export claims, and may withhold or adjust refunds where returns, taxes or penalties are outstanding or fraud is suspected.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Refund of tax: statutory procedure for claiming refunds, provisional payouts for exports, and withholding for outstanding liabilities.
The statute permits persons who paid tax, interest or other amounts to apply for refund to the proper officer within prescribed time limits, with registered persons able to claim electronic cash ledger balances via returns. Refund of unutilized input tax credit is allowed at the end of a tax period subject to specified exclusions. Applications require prescribed documentary evidence or, for smaller claims, a declaration that tax incidence was not passed on. The proper officer must order refunds within sixty days, may make provisional payouts for export claims, and may withhold or adjust refunds where returns, taxes or penalties are outstanding or fraud is suspected.
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