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Refund withdrawal: applicants may withdraw refund claims and have ledger debits restored under amended GST refund procedures. Amendments amend Punjab GST rules to exclude the period between filing FORM GST RFD-01 and communication of deficiencies in FORM GST RFD-03 from the two-year refund limitation for rectified fresh claims; permit taxpayers to withdraw refund applications before issuance of sanction, payment, withholding, or notice by filing FORM GST RFD-01W; and require that any ledger debits made when filing the refund claim be credited back upon withdrawal. The revision also substitutes FORM GST RFD-07 to provide separate withholding and release parts and allows officers to release withheld refunds when withholding conditions cease to exist.
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Provisions expressly mentioned in the judgment/order text.
Refund withdrawal: applicants may withdraw refund claims and have ledger debits restored under amended GST refund procedures.
Amendments amend Punjab GST rules to exclude the period between filing FORM GST RFD-01 and communication of deficiencies in FORM GST RFD-03 from the two-year refund limitation for rectified fresh claims; permit taxpayers to withdraw refund applications before issuance of sanction, payment, withholding, or notice by filing FORM GST RFD-01W; and require that any ledger debits made when filing the refund claim be credited back upon withdrawal. The revision also substitutes FORM GST RFD-07 to provide separate withholding and release parts and allows officers to release withheld refunds when withholding conditions cease to exist.
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