GST refund and adjustment: suppliers must issue credit notes or refund vouchers to adjust tax or claim excess payment refunds. Procedural clarifications require issuance of a credit note to adjust GST paid on advances or returned goods where an invoice was issued, declared in the return for the month of issuance and adjusted against output liability; if no output liability exists, taxpayers may claim excess tax refund through Form GST RFD-01. Where GST was paid on advances without issuance of invoice, a refund voucher must be issued and refund sought via Form GST RFD-01. Zero-rated supplies may continue under LUT subject to furnishing annual form Form GST RFD-11 within the extended timeline.
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.
GST refund and adjustment: suppliers must issue credit notes or refund vouchers to adjust tax or claim excess payment refunds.
Procedural clarifications require issuance of a credit note to adjust GST paid on advances or returned goods where an invoice was issued, declared in the return for the month of issuance and adjusted against output liability; if no output liability exists, taxpayers may claim excess tax refund through Form GST RFD-01. Where GST was paid on advances without issuance of invoice, a refund voucher must be issued and refund sought via Form GST RFD-01. Zero-rated supplies may continue under LUT subject to furnishing annual form Form GST RFD-11 within the extended timeline.
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