IGST export refund requires PFMS validated bank accounts; Shipping Bill treated as refund application when EGM and GSTR 3 are filed. Validation of exporters' bank accounts in PFMS is mandatory for disbursal of IGST export refunds; the Shipping Bill is treated as the IGST Export Refund Application and the refund is deemed filed when the EGM is filed and a valid Form GSTR 3 return is furnished. Exporters with closed or unvalidated PFMS accounts risk non credit of refunds and are instructed to update and avoid changing bank account details during the current financial year; Annexure A lists unvalidated accounts.
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.
IGST export refund requires PFMS validated bank accounts; Shipping Bill treated as refund application when EGM and GSTR 3 are filed.
Validation of exporters' bank accounts in PFMS is mandatory for disbursal of IGST export refunds; the Shipping Bill is treated as the IGST Export Refund Application and the refund is deemed filed when the EGM is filed and a valid Form GSTR 3 return is furnished. Exporters with closed or unvalidated PFMS accounts risk non credit of refunds and are instructed to update and avoid changing bank account details during the current financial year; Annexure A lists unvalidated accounts.
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