Re-credit in electronic credit ledger after deposit of erroneous refund; officer to re-credit via FORM PMT 03A following verification. Mechanism for re-crediting electronic credit ledger where taxpayers deposit erroneously sanctioned refunds: upon deposit of the erroneous refund with applicable interest and penalty through FORM GST DRC-03 (debited from electronic cash ledger) and submission of a written request in Annexure-A, the jurisdictional proper officer, after verification, shall re-credit an equivalent amount to the electronic credit ledger by order in FORM GST PMT-03A. Eligible refund categories include IGST refunds obtained in contravention, unutilised ITC on exports without payment, zero-rated supplies to SEZ without payment, and inverted duty structure refunds.
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Provisions expressly mentioned in the judgment/order text.
Re-credit in electronic credit ledger after deposit of erroneous refund; officer to re-credit via FORM PMT 03A following verification.
Mechanism for re-crediting electronic credit ledger where taxpayers deposit erroneously sanctioned refunds: upon deposit of the erroneous refund with applicable interest and penalty through FORM GST DRC-03 (debited from electronic cash ledger) and submission of a written request in Annexure-A, the jurisdictional proper officer, after verification, shall re-credit an equivalent amount to the electronic credit ledger by order in FORM GST PMT-03A. Eligible refund categories include IGST refunds obtained in contravention, unutilised ITC on exports without payment, zero-rated supplies to SEZ without payment, and inverted duty structure refunds.
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