Refund of accumulated input-tax credit now rests on GSTR-2B reflection, affecting eligibility for GST credit refunds. Refund of accumulated input-tax credit under section 54(3) is restricted, from January 1, 2022, to credit reflected in Form GSTR-2B for the relevant or any prior tax period on which credit is available; prior circulars limiting refunds to GSTR-1/GSTR-2A are modified. The Form RFD-01 undertaking is retained but revised to reference only clause (c) of sub-section (2) of section 16, with references to section 42 and GSTR-2/GSTR-3 removed. Adjusted total turnover must include exports as determined by the Explanation in sub-rule (4) of rule 89. Exporters who paid IGST under rule 96A may claim refund of the tax (not interest) once export/payment occurs, filing under 'Any Other' if portal options are unavailable.
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 accumulated input-tax credit now rests on GSTR-2B reflection, affecting eligibility for GST credit refunds.
Refund of accumulated input-tax credit under section 54(3) is restricted, from January 1, 2022, to credit reflected in Form GSTR-2B for the relevant or any prior tax period on which credit is available; prior circulars limiting refunds to GSTR-1/GSTR-2A are modified. The Form RFD-01 undertaking is retained but revised to reference only clause (c) of sub-section (2) of section 16, with references to section 42 and GSTR-2/GSTR-3 removed. Adjusted total turnover must include exports as determined by the Explanation in sub-rule (4) of rule 89. Exporters who paid IGST under rule 96A may claim refund of the tax (not interest) once export/payment occurs, filing under "Any Other" if portal options are unavailable.
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