Refund sanction procedure detailing payment, adjustment against demands, fund crediting, or rejection under GST refund rules. The refund order records claimed and sanctioned amounts, provisional refunds, inadmissible amounts, gross payable amount, adjustments against outstanding ... Summary
Refund sanction procedure detailing payment, adjustment against demands, fund crediting, or rejection under GST refund rules.
The refund order records claimed and sanctioned amounts, provisional refunds, inadmissible amounts, gross payable amount, adjustments against outstanding demands and the resulting net payable sum, separately itemised by tax heads and categories. It prescribes dispositions: pay sanctioned refund to applicant's nominated bank account, adjust amounts towards specified arrears, credit sums to a Consumer Welfare Fund, or reject the claim, and requires authenticated signature, designation, date and office details.
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