Refund and adjustment of GST clarified: credit notes or refund vouchers govern recovery and refund procedures for cancelled supplies. Where tax has been paid on advances or on invoiced supplies later cancelled, suppliers must issue a credit note and adjust tax liability in the return; if no output liability exists, a refund claim for excess payment of tax may be filed. If GST was paid on advances without an invoice, a refund voucher must be issued and refund sought via the prescribed refund procedure. Expired Letters of Undertaking for zero-rated supplies may be relied upon provided the LUT for the relevant year is filed by the extended deadline, and specified filing and TDS deposit timelines falling within the relief period are extended with no interest if complied with within the extended cutoff.
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Provisions expressly mentioned in the judgment/order text.
Refund and adjustment of GST clarified: credit notes or refund vouchers govern recovery and refund procedures for cancelled supplies.
Where tax has been paid on advances or on invoiced supplies later cancelled, suppliers must issue a credit note and adjust tax liability in the return; if no output liability exists, a refund claim for excess payment of tax may be filed. If GST was paid on advances without an invoice, a refund voucher must be issued and refund sought via the prescribed refund procedure. Expired Letters of Undertaking for zero-rated supplies may be relied upon provided the LUT for the relevant year is filed by the extended deadline, and specified filing and TDS deposit timelines falling within the relief period are extended with no interest if complied with within the extended cutoff.
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