GST refund sanctioning procedure regulates approval, withholding, partial rejection, electronic payment, input tax credit re-credit and Consumer Welfare Fund transfers.

Rule 92 regulates GST refund sanctioning through FORM GST RFD-06, including disclosure of provisional refunds, adjustment of outstanding demands, and the balance refundable. Cash refunds of tax other than zero-rated or deemed-export tax are proportionate to cash-ledger payment, while the remaining electronic credit ledger debit is re-credited through FORM GST PMT-03. Withheld refunds require stated reasons in FORM GST RFD-07. Inadmissible claims require notice, a reply opportunity and hearing before rejection. Payable refunds are electronically credited to the applicant's specified bank account; other amounts are credited to the Consumer Welfare Fund.

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