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of <h1>Clarification on Tax Refunds Under CGST Act Section 77(1) and IGST Act Section 19(1); Procedure and Deadlines Outlined.</h1> The circular clarifies the refund process for taxes wrongfully paid under section 77(1) of the CGST Act and section 19(1) of the IGST Act. It addresses the interpretation of 'subsequently held' to include both taxpayer and tax officer findings and outlines the procedure for claiming refunds. Taxpayers can apply for refunds within two years from the date of correct tax payment. Amendments to rule 89 of the CGST Rules specify the application process and deadlines. Refunds are not available if tax adjustments are made through credit notes. The circular requests dissemination of its contents and invites feedback on implementation issues.
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