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of <h1>Tripura Govt Clarifies Tax Refund Process for Misclassified Transactions Under CGST & IGST Acts, Follow Rule 89 Timeline.</h1> The circular issued by the Government of Tripura clarifies the process for claiming tax refunds under sections 77(1) of the CGST Act and 19(1) of the IGST Act. It addresses situations where taxes were wrongfully paid due to incorrect classification of a transaction as intra-State or inter-State. The term 'subsequently held' includes cases identified by the taxpayer or tax authorities. Refund claims must be filed within two years from the correct tax payment date, as outlined in the amended rule 89 of the CGST Rules. The circular also specifies that refunds are not available if tax adjustments were made via credit notes.
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