Refund procedure changes: exclusion of deficiency interval and formal withdrawal with ledger re credit introduced. Amendments effective 18 May 2021 revise refund procedure by excluding the interval between filing FORM GST RFD-01 and deficiency communication in FORM GST RFD-03 from the two year limitation for rectified claims, permit withdrawal of refund applications via FORM GST RFD-01W with automatic re-crediting of debited electronic ledgers upon withdrawal, and replace FORM GST RFD-07 with a two part form to record withholding (Part A) and release (Part B) of refunds, while clarifying release mechanisms and related rule text substitutions.
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Refund procedure changes: exclusion of deficiency interval and formal withdrawal with ledger re credit introduced.
Amendments effective 18 May 2021 revise refund procedure by excluding the interval between filing FORM GST RFD-01 and deficiency communication in FORM GST RFD-03 from the two year limitation for rectified claims, permit withdrawal of refund applications via FORM GST RFD-01W with automatic re-crediting of debited electronic ledgers upon withdrawal, and replace FORM GST RFD-07 with a two part form to record withholding (Part A) and release (Part B) of refunds, while clarifying release mechanisms and related rule text substitutions.
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