The Punjab Goods and Services Tax (Second Amendment) Rules, 2018. - G.S.R.9/P.A.5/2017/S.164/Amd.(10)/2018 - Punjab SGST

Refund of input tax credit: revised formula and eligibility rules enable claims for zero-rated and export-related supplies.

The rules deem a UIN granted under the Central Act to be granted under the Punjab Act and restrict retrospective amendment of registration particulars absent a written Commissioner order. They prescribe a formula and defined terms for refund of input tax credit on zero-rated supplies made without payment of tax under bond or letter of undertaking, allow refunds where suppliers availed specified export notifications, mandate quarterly refund applications in FORM GST RFD-10 for eligible persons, and substitute multiple registration and refund forms with detailed documentation and verification requirements.