Refund entitlement tied to ITC reflected in GSTR 2B, with adjusted turnover and undertaking rules clarified for exporters. Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the tax period or any prior tax periods where credit is available; this applies to refund claims from January 2022 onwards. The FORM RFD 01 undertaking remains required but references to Section 42 and to FORM GSTR 2 and FORM GSTR 3 are deleted. Adjusted total turnover must include export values as determined by the Explanation in rule 89(4). Exporters who later export or realize payment may claim refund of unutilized ITC and, within permitted timeframes, refund of IGST paid earlier, but interest paid under rule 96A(1) is not refundable.
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Provisions expressly mentioned in the judgment/order text.
Refund entitlement tied to ITC reflected in GSTR 2B, with adjusted turnover and undertaking rules clarified for exporters.
Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the tax period or any prior tax periods where credit is available; this applies to refund claims from January 2022 onwards. The FORM RFD 01 undertaking remains required but references to Section 42 and to FORM GSTR 2 and FORM GSTR 3 are deleted. Adjusted total turnover must include export values as determined by the Explanation in rule 89(4). Exporters who later export or realize payment may claim refund of unutilized ITC and, within permitted timeframes, refund of IGST paid earlier, but interest paid under rule 96A(1) is not refundable.
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