Refund of accumulated input tax credit: file under 'any other' and debit admissible amount via FORM GST DRC-03 before refund. Where reversal of lapsed input tax credit (ITC) for the relevant period has been made, claimants should, as a one time measure, file the refund application in FORM GST RFD-01A under the category 'any other' with required declarations; the proper officer will calculate the admissible refund per refund calculation rules, request the taxpayer to debit the admissible amount from the electronic credit ledger through FORM GST DRC-03, and upon receipt of proof, issue FORM GST RFD-06 and FORM GST RFD-05. Subsequent period claims must use the standard inverted-structure category.
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 input tax credit: file under "any other" and debit admissible amount via FORM GST DRC-03 before refund.
Where reversal of lapsed input tax credit (ITC) for the relevant period has been made, claimants should, as a one time measure, file the refund application in FORM GST RFD-01A under the category "any other" with required declarations; the proper officer will calculate the admissible refund per refund calculation rules, request the taxpayer to debit the admissible amount from the electronic credit ledger through FORM GST DRC-03, and upon receipt of proof, issue FORM GST RFD-06 and FORM GST RFD-05. Subsequent period claims must use the standard inverted-structure category.
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 
