Refund of electronic cash ledger balances clarified: time limit exempt, unjust enrichment certificate not required, TDS/TCS refundable. The circular clarifies that the time limit in section 54(1) does not apply to refunds of excess balances in the electronic cash ledger; unjust enrichment certification under Rule 89(2)(l)/(m) is not required for such refunds; TDS/TCS amounts credited to the electronic cash ledger are equivalent to cash, may be used at the registered person's discretion and any unutilized balance is refundable; and for tax on supplies regarded as deemed exports the relevant date for refund is the date the supplier files the return related to those supplies.
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Refund of electronic cash ledger balances clarified: time limit exempt, unjust enrichment certificate not required, TDS/TCS refundable.
The circular clarifies that the time limit in section 54(1) does not apply to refunds of excess balances in the electronic cash ledger; unjust enrichment certification under Rule 89(2)(l)/(m) is not required for such refunds; TDS/TCS amounts credited to the electronic cash ledger are equivalent to cash, may be used at the registered person's discretion and any unutilized balance is refundable; and for tax on supplies regarded as deemed exports the relevant date for refund is the date the supplier files the return related to those supplies.
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