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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Karnataka GST Act Section 54: Tax Refunds, Application Deadlines, and Conditions for Unutilized Credit and Zero-rated Supplies</h1> Section 54 of the Karnataka Goods and Services Tax Act, 2017, outlines the provisions for claiming tax refunds. Individuals or entities can apply for refunds of tax and interest within two years from the relevant date. Specialized agencies and certain notified entities have a six-month window. Refunds of unutilized input tax credit are permitted under specific conditions, such as zero-rated supplies. Applications must include prescribed evidence unless the refund is below two lakh rupees. The proper officer processes applications, with a provisional refund of 90% for zero-rated supplies. Refunds are withheld if tax obligations are unmet. Refunds below one thousand rupees are not processed.
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