Refund procedure for unutilized input tax credit clarified, requiring GSTR-2A evidence and prescribed electronic ledger debiting order. Claimants need not submit hard copies of invoices that appear in FORM GSTR-2A; a printout of GSTR-2A plus an Annexure declaring invoice eligibility must accompany FORM GST RFD-01A. Refunds of unutilized input tax credit are calculated by portal validation as the least of prescribed balances and debited from electronic credit ledgers in a specified sequence; taxpayers must follow this debit order prior to ARN generation. Re-credit and recovery differ by reason for rejection, with ineligible ITC triggering simultaneous demand and other rejections requiring undertakings before re-credit.
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 for unutilized input tax credit clarified, requiring GSTR-2A evidence and prescribed electronic ledger debiting order.
Claimants need not submit hard copies of invoices that appear in FORM GSTR-2A; a printout of GSTR-2A plus an Annexure declaring invoice eligibility must accompany FORM GST RFD-01A. Refunds of unutilized input tax credit are calculated by portal validation as the least of prescribed balances and debited from electronic credit ledgers in a specified sequence; taxpayers must follow this debit order prior to ARN generation. Re-credit and recovery differ by reason for rejection, with ineligible ITC triggering simultaneous demand and other rejections requiring undertakings before re-credit.
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 
