Refund Withholding and Withdrawal: new rules allow withdrawal, release of withheld refunds, and pause of limitation during deficiency response. The amendment (effective 18 May 2021) permits senior officers to extend the time for revocation of cancellation; excludes the interval between refund filing and deficiency communication from the two year limitation for fresh refund claims after rectification; allows applicants to withdraw refund applications via FORM GST RFD-01W with ledger credits restored; substitutes FORM GST RFD-07 to provide distinct Part A withholding and Part B release orders; and narrows rule 138E to outward movement of goods, alongside related form and cross reference updates.
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Refund Withholding and Withdrawal: new rules allow withdrawal, release of withheld refunds, and pause of limitation during deficiency response.
The amendment (effective 18 May 2021) permits senior officers to extend the time for revocation of cancellation; excludes the interval between refund filing and deficiency communication from the two year limitation for fresh refund claims after rectification; allows applicants to withdraw refund applications via FORM GST RFD-01W with ledger credits restored; substitutes FORM GST RFD-07 to provide distinct Part A withholding and Part B release orders; and narrows rule 138E to outward movement of goods, alongside related form and cross reference updates.
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