Re-credit to electronic credit ledger mandated when an erroneously sanctioned GST refund is deposited via DRC-03, with interest rules clarified. The amendment provides that suspension of registration for contravention under section 29(2) is deemed revoked on furnishing all pending returns unless cancelled; prescribes re-credit to the electronic credit ledger where a registered person deposits an erroneously sanctioned refund by debiting the electronic cash ledger through FORM GST DRC-03, by order in FORM GST PMT-03A; sets out interest calculation rules for delayed tax payment and for wrongly availed and utilised input tax credit; and mandates electronic transmission and treatment as filed of withheld export refund claims, while expanding payment modes to include UPI and IMPS and updating multiple GST forms.
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.
Re-credit to electronic credit ledger mandated when an erroneously sanctioned GST refund is deposited via DRC-03, with interest rules clarified.
The amendment provides that suspension of registration for contravention under section 29(2) is deemed revoked on furnishing all pending returns unless cancelled; prescribes re-credit to the electronic credit ledger where a registered person deposits an erroneously sanctioned refund by debiting the electronic cash ledger through FORM GST DRC-03, by order in FORM GST PMT-03A; sets out interest calculation rules for delayed tax payment and for wrongly availed and utilised input tax credit; and mandates electronic transmission and treatment as filed of withheld export refund claims, while expanding payment modes to include UPI and IMPS and updating multiple GST forms.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
