Zero-rated supply refund rules updated to prescribe a formula and tighten registration and refund procedures. The amendment confirms that the Unique Identity Number issued under Section 25(9)(a) applies across India; bars retrospective amendment of registration particulars earlier than submission of FORM GST REG-14 except by Commissioner order; mandates quarterly refund applications in FORM GST RFD-10 and removes a prior invoice-value threshold; and substitutes a refund formula for zero-rated supplies: Refund Amount = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) x Net ITC / Adjusted Total Turnover, with defined terms and additional sub-rules for supplies under specified notifications.
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Provisions expressly mentioned in the judgment/order text.
Zero-rated supply refund rules updated to prescribe a formula and tighten registration and refund procedures.
The amendment confirms that the Unique Identity Number issued under Section 25(9)(a) applies across India; bars retrospective amendment of registration particulars earlier than submission of FORM GST REG-14 except by Commissioner order; mandates quarterly refund applications in FORM GST RFD-10 and removes a prior invoice-value threshold; and substitutes a refund formula for zero-rated supplies: Refund Amount = (Turnover of zero-rated supply of goods + Turnover of zero-rated supply of services) x Net ITC / Adjusted Total Turnover, with defined terms and additional sub-rules for supplies under specified notifications.
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