Provisional GST refunds use risk-based portal orders, electronic bank credit, and payment-order revalidation for delayed annual disbursement. Provisional GST refund is unavailable where the claimant, during the preceding five years, has been prosecuted for tax evasion exceeding the prescribed ... Summary
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Provisional GST refunds use risk-based portal orders, electronic bank credit, and payment-order revalidation for delayed annual disbursement.
Provisional GST refund is unavailable where the claimant, during the preceding five years, has been prosecuted for tax evasion exceeding the prescribed threshold. Following the prescribed acknowledgement, the common portal generates a risk-based order in FORM GST RFD-04 within three working days without officer revalidation. The sanctioned amount may be electronically credited to the applicant's specified registered bank account through FORM GST RFD-05 on the basis of consolidated payment advice. A payment order requires revalidation if the refund is not disbursed within the same financial year.
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