Input tax credit linkage to FORM GSTR-2B restricts refund of accumulated ITC to credits reflected in GSTR-2B. Refund of accumulated input tax credit under section 54(3) is restricted to ITC reflected in FORM GSTR-2B; this restriction applies to refund claims for tax periods from January 2022 onwards. The undertaking in FORM RFD-01 is amended to remove references to the omitted section 42 and to FORM GSTR-2/3, while retaining an undertaking regarding clause (c) of sub-section (2) of section 16. Adjusted Total Turnover must include export value as determined by the Explanation to sub-rule (4) of rule 89. Exporters who later export goods or realize payment may claim unutilized ITC and IGST paid, but not interest paid under rule 96A.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Input tax credit linkage to FORM GSTR-2B restricts refund of accumulated ITC to credits reflected in GSTR-2B.
Refund of accumulated input tax credit under section 54(3) is restricted to ITC reflected in FORM GSTR-2B; this restriction applies to refund claims for tax periods from January 2022 onwards. The undertaking in FORM RFD-01 is amended to remove references to the omitted section 42 and to FORM GSTR-2/3, while retaining an undertaking regarding clause (c) of sub-section (2) of section 16. Adjusted Total Turnover must include export value as determined by the Explanation to sub-rule (4) of rule 89. Exporters who later export goods or realize payment may claim unutilized ITC and IGST paid, but not interest paid under rule 96A.
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