Procedure of disposal of Refund filed in present law under GST

[Narendra Soni]

Dear experts

In GST Act, procedure of disposal of Refund (excise/service tax/VAT) filed in present law is given below:-

(i) The refund if allowed would accrue in cash under the earlier law, viz., and would not be credited to the electronic credit ledger or electronic cash ledger.

(ii) The refund if rejected, fully or partially would lapse, no credit will be allowed.

Please suggest

1.The stage of rejection when the refund will be treated as 'rejected' i.e.rejected by Asst.Commir /DC or By Commr. (Appeal) or by Jt.Secretory or by HC/SC.

2.What will be for refund/rebate claims pending at Commr (Appeal) or by Jt.Secretory or by HC/SC, due to rejected by earlier authorities.

AI Summary

Exploring GST Refund Procedures: Cash Refunds, Claim Rejections, and Impact on Exporters and MSMEs Under Current Laws. The discussion focuses on the procedure for handling GST refund claims under current laws. Refunds, if approved, are provided in cash and not credited to electronic ledgers. If rejected, they lapse without credit. Queries include the stage at which a refund is deemed rejected and handling pending claims rejected by earlier authorities. Responses suggest changes in authority designations under GST and caution against premature conclusions due to potential changes. There is also discussion on the refund process for exporters, highlighting the need for quick refunds to avoid liquidity issues, especially for MSMEs.