Refund of accumulated ITC: portal filing workaround requires debit via electronic credit ledger before refund order issuance. Where taxpayers reversed ITC required to lapse under the notification through returns, they may, as a one-time measure, claim refund of accumulated ITC for that same period under the portal category 'any other' with required documents; the proper officer will calculate admissible refund, request the taxpayer to debit the electronic credit ledger, and only after receiving proof of debit issue the refund order and payment advice. Late reversals attract interest, and similar debit-then-refund steps apply to merchant exporter claims and corrected resubmissions after deficiency memos.
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 of accumulated ITC: portal filing workaround requires debit via electronic credit ledger before refund order issuance.
Where taxpayers reversed ITC required to lapse under the notification through returns, they may, as a one-time measure, claim refund of accumulated ITC for that same period under the portal category "any other" with required documents; the proper officer will calculate admissible refund, request the taxpayer to debit the electronic credit ledger, and only after receiving proof of debit issue the refund order and payment advice. Late reversals attract interest, and similar debit-then-refund steps apply to merchant exporter claims and corrected resubmissions after deficiency memos.
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