Refund of accumulated input tax credit: file under alternative category, debit via DRC-03 and await officer verification for payment. Where reversal of ITC required to be lapsed causes portal validation blocking full inverted-tax refunds, taxpayers should file the refund for the same period under the 'any other' category in Form GST RFD-01A with all statutory documents; the proper officer will calculate admissible refund under the refund rules, request the taxpayer to debit the amount via Form GST DRC-03, and on receipt of debit proof issue the refund order and payment advice. Untimely reversals may be made via DRC-03 but attract interest until reversal; merchant exporters and corrected resubmissions use the same DRC-03 debit and refund-order procedure.
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: file under alternative category, debit via DRC-03 and await officer verification for payment.
Where reversal of ITC required to be lapsed causes portal validation blocking full inverted-tax refunds, taxpayers should file the refund for the same period under the "any other" category in Form GST RFD-01A with all statutory documents; the proper officer will calculate admissible refund under the refund rules, request the taxpayer to debit the amount via Form GST DRC-03, and on receipt of debit proof issue the refund order and payment advice. Untimely reversals may be made via DRC-03 but attract interest until reversal; merchant exporters and corrected resubmissions use the same DRC-03 debit and refund-order procedure.
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