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of <h1>Provisional GST refund process: RFD-04 issued within seven days, RFD-05 payment order and revalidation rules</h1> The rule permits provisional GST refunds where the claimant has not been prosecuted in the preceding five years for offences involving tax evasion exceeding ?250 lakh; the proper officer, based on system risk assessment, must issue FORM GST RFD-04 within seven days of acknowledgement to grant provisional sanction but may, with reasons recorded, decline provisional relief and proceed under the alternate rule. The sanctioned amount is paid by payment order in FORM GST RFD-05 and electronically credited to a bank account in the applicant's registration; that payment order must be revalidated if not disbursed in the same financial year. The Central Government disburses refunds on a consolidated payment advice.
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