GST - REFUND - Draft Rules 31-3-3017

GST refund claims must be filed electronically with prescribed evidence; provisional and final sanctions govern payments and adjustments. Refund claims must be filed electronically in FORM GST RFD-01 with prescribed documentary evidence; input tax credit refunds require debiting the electronic credit ledger. Provisional refunds may be sanctioned quickly if statutory conditions are met, with payment advice to credit the claimant's nominated bank account. Final orders in FORM GST RFD-06 will sanction, adjust against demands, or reject claims after notice and opportunity to be heard; rejected or deficient-claimed amounts are re credited to the electronic credit ledger and interest on delayed refunds is ordered and paid electronically. A Consumer Welfare Fund receives certain non-payable amounts and is administered by a Standing Committee.