Reimbursement mechanism: SGST refunds are made by debiting Advance Entry Tax balance, subject to ledger, adjustment, and sanction. Prescribes a mechanism whereby SGST deposited by a dealer is reimbursed/refunded by debiting the dealer's Advance Entry Tax balance as of the cut off date; the dealer must apply to the Jurisdictional Assessing Authority within a set period after filing returns, which will examine claims, maintain a ledger, adjust refunds for Input Tax Credit declared, ensure no outstanding liabilities, and forward sanction orders to the Additional Commissioner for payment to the dealer's bank account.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Reimbursement mechanism: SGST refunds are made by debiting Advance Entry Tax balance, subject to ledger, adjustment, and sanction.
Prescribes a mechanism whereby SGST deposited by a dealer is reimbursed/refunded by debiting the dealer's Advance Entry Tax balance as of the cut off date; the dealer must apply to the Jurisdictional Assessing Authority within a set period after filing returns, which will examine claims, maintain a ledger, adjust refunds for Input Tax Credit declared, ensure no outstanding liabilities, and forward sanction orders to the Additional Commissioner for payment to the dealer's bank account.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
