Refund procedure after deficiency memo: rectified refund applications accepted under original ARN; re credit not required pending portal update. Where a deficiency memo has been issued, taxpayers must submit a rectified refund application under the original ARN because the portal does not yet permit filing a fresh application; accordingly, re crediting Input Tax Credit to the electronic credit ledger need not be carried out until portal functionality is provided and separate instructions will address cases where re credit was already effected. Separately, amendments clarify that exporters receiving capital goods under the EPCG scheme remain eligible to claim IGST refund on exports, while certain importers under specified customs notifications are excluded prospectively; earlier circulars are superseded.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Refund procedure after deficiency memo: rectified refund applications accepted under original ARN; re credit not required pending portal update.
Where a deficiency memo has been issued, taxpayers must submit a rectified refund application under the original ARN because the portal does not yet permit filing a fresh application; accordingly, re crediting Input Tax Credit to the electronic credit ledger need not be carried out until portal functionality is provided and separate instructions will address cases where re credit was already effected. Separately, amendments clarify that exporters receiving capital goods under the EPCG scheme remain eligible to claim IGST refund on exports, while certain importers under specified customs notifications are excluded prospectively; earlier circulars are superseded.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
