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of <h1>New GST Rule: FORM GST PMT-03A Introduced for Re-crediting Refunds in Electronic Ledger u/r 86(4B.</h1> The circular addresses issues faced by taxpayers in re-crediting amounts in their electronic credit ledger when excess or erroneous refunds have been repaid. To resolve this, a new functionality, FORM GST PMT-03A, has been introduced, allowing proper officers to facilitate re-credit. Sub-rule (4B) in Rule 86 of the CGST Rules has been added to support this process. The circular outlines specific refund categories eligible for re-credit and details the procedure for taxpayers to follow, including using FORM GST DRC-03 for payments and requesting re-credit from jurisdictional officers. The circular aims to ensure uniform implementation and invites feedback on difficulties encountered.
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