Refund of accumulated input tax credit based on GSTR 2B governs refund admissibility and related portal filings. Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the relevant or earlier tax period in which the credit is available, applicable prospectively from the statutory amendments. The undertaking in FORM RFD 01 and related annexures have been amended to remove references to the omitted Section 42 and deleted returns; applicants must undertake compliance only with clause (c) of sub section (2) of section 16. Exports value for 'adjusted total turnover' is to be determined as per the newly inserted Explanation to sub rule (4) of Rule 89. Exporters who paid IGST under Rule 96A may claim refund of IGST and unutilized ITC upon actual export or realization, but interest paid under Rule 96A is not refundable.
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Provisions expressly mentioned in the judgment/order text.
Refund of accumulated input tax credit based on GSTR 2B governs refund admissibility and related portal filings.
Refund of accumulated input tax credit is restricted to ITC reflected in FORM GSTR 2B for the relevant or earlier tax period in which the credit is available, applicable prospectively from the statutory amendments. The undertaking in FORM RFD 01 and related annexures have been amended to remove references to the omitted Section 42 and deleted returns; applicants must undertake compliance only with clause (c) of sub section (2) of section 16. Exports value for "adjusted total turnover" is to be determined as per the newly inserted Explanation to sub rule (4) of Rule 89. Exporters who paid IGST under Rule 96A may claim refund of IGST and unutilized ITC upon actual export or realization, but interest paid under Rule 96A is not refundable.
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