Provisional refund for zero-rated supply follows strict conditions, refund thresholds, LUT compliance, and prescribed payment procedures. Provisional refund is available for claims relating to zero-rated supply of goods or services under section 54(6) of the CGST Act, subject to prescribed conditions, limitations and safeguards. The framework provides for provisional sanction, final settlement after verification, a minimum refund threshold, and compliance-linked conditions including prosecution history, LUT or bond requirements, and payment through the prescribed refund order and payment advice mechanism. The material also notes the unjust enrichment treatment for zero-rated supply and later clarifications on risk-based processing and invoice-matching requirements.
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Provisions expressly mentioned in the judgment/order text.
Provisional refund for zero-rated supply follows strict conditions, refund thresholds, LUT compliance, and prescribed payment procedures.
Provisional refund is available for claims relating to zero-rated supply of goods or services under section 54(6) of the CGST Act, subject to prescribed conditions, limitations and safeguards. The framework provides for provisional sanction, final settlement after verification, a minimum refund threshold, and compliance-linked conditions including prosecution history, LUT or bond requirements, and payment through the prescribed refund order and payment advice mechanism. The material also notes the unjust enrichment treatment for zero-rated supply and later clarifications on risk-based processing and invoice-matching requirements.
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