Refund of Input Tax Credit restricted to GSTR 2B availability; clarifies undertakings, turnover calculation and exporter refunds. Refund of accumulated Input Tax Credit under section 54(3) is restricted to credit reflected and available in Form GSTR 2B for the relevant tax period or any prior period, effective January 2022; prior circulars referring to GSTR 2A/GSTR 1 are modified accordingly. The Form RFD 01 undertaking is amended to remove references to omitted provisions and forms, applicants must undertake repayment with interest if clause (c) of section 16(2) is not met. Export calculations for adjusted total turnover follow the Explanation in sub rule (4) of rule 89. Exporters who later effect export or realise payment may claim unutilised ITC and IGST (not interest).
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.
Refund of Input Tax Credit restricted to GSTR 2B availability; clarifies undertakings, turnover calculation and exporter refunds.
Refund of accumulated Input Tax Credit under section 54(3) is restricted to credit reflected and available in Form GSTR 2B for the relevant tax period or any prior period, effective January 2022; prior circulars referring to GSTR 2A/GSTR 1 are modified accordingly. The Form RFD 01 undertaking is amended to remove references to omitted provisions and forms, applicants must undertake repayment with interest if clause (c) of section 16(2) is not met. Export calculations for adjusted total turnover follow the Explanation in sub rule (4) of rule 89. Exporters who later effect export or realise payment may claim unutilised ITC and IGST (not interest).
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