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of <h1>Provisional refunds under Section 54(6) allowed only if no prosecution for evasion over ?250 lakh in prior five years</h1> Provisional refunds under section 54(6) are granted only if the claimant has not been prosecuted in the preceding five years for offences involving tax evasion over ?250 lakh. The proper officer, guided by system risk evaluation, must ordinarily issue FORM GST RFD-04 within seven days of acknowledgement, but may, with reasons recorded, refuse provisional relief and proceed under rule 92. Amounts sanctioned are paid by issuing FORM GST RFD-05 and electronically credited to the applicant's registered bank account on the basis of a consolidated payment advice; the payment order must be revalidated if not disbursed within the same financial year. The Central Government effectuates disbursement based on the consolidated payment advice.
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