Re-credit in electronic credit ledger: proper officer can re-credit equivalent amounts after deposit of erroneous refunds. Prescribes a mechanism for administrative re-credit to the electronic credit ledger where taxpayers deposit erroneous refunds. Taxpayers must pay the erroneous refund plus applicable interest and penalty via Form GST DRC-03, state the reason for payment, and submit a written request using the prescribed annexure. Upon verification that full amounts were paid by debit to the electronic cash ledger, the proper officer shall issue an order in Form GST PMT-03A to re-credit an equivalent amount to the electronic credit ledger, preferably within 30 days from receipt of the request or payment.
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Provisions expressly mentioned in the judgment/order text.
Re-credit in electronic credit ledger: proper officer can re-credit equivalent amounts after deposit of erroneous refunds.
Prescribes a mechanism for administrative re-credit to the electronic credit ledger where taxpayers deposit erroneous refunds. Taxpayers must pay the erroneous refund plus applicable interest and penalty via Form GST DRC-03, state the reason for payment, and submit a written request using the prescribed annexure. Upon verification that full amounts were paid by debit to the electronic cash ledger, the proper officer shall issue an order in Form GST PMT-03A to re-credit an equivalent amount to the electronic credit ledger, preferably within 30 days from receipt of the request or payment.
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