GST refund rules amended to allow provisional refunds for unutilised input tax credit and remove export refund threshold. The amendment treats refunds of unutilised input tax credit under the first proviso to sub section (3) as eligible for provisional refund, thereby covering refunds arising from an inverted duty structure. It also exempts refund claims relating to goods exported with payment of tax from the threshold limitation in the relevant sub section, removing the threshold constraint for such export related refund claims.
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GST refund rules amended to allow provisional refunds for unutilised input tax credit and remove export refund threshold.
The amendment treats refunds of unutilised input tax credit under the first proviso to sub section (3) as eligible for provisional refund, thereby covering refunds arising from an inverted duty structure. It also exempts refund claims relating to goods exported with payment of tax from the threshold limitation in the relevant sub section, removing the threshold constraint for such export related refund claims.
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