Cash refund claim requires specified acknowledgment forms with bank details attached to VAT returns to be processed. Notification requires dealers claiming a cash refund to attach a triplicate Acknowledgment with VAT returns: yellow for returns whose reported turnover is exclusively export of goods, red for returns including non-export transactions. The acknowledgment must state turnover, refund amount, dealer identification, contact and bank account details (with cancelled cheque if not earlier submitted). Any return without the prescribed acknowledgment attachment shall be treated as incomplete. The notification supersedes the earlier guidance on the subject.
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.
Cash refund claim requires specified acknowledgment forms with bank details attached to VAT returns to be processed.
Notification requires dealers claiming a cash refund to attach a triplicate Acknowledgment with VAT returns: yellow for returns whose reported turnover is exclusively export of goods, red for returns including non-export transactions. The acknowledgment must state turnover, refund amount, dealer identification, contact and bank account details (with cancelled cheque if not earlier submitted). Any return without the prescribed acknowledgment attachment shall be treated as incomplete. The notification supersedes the earlier guidance on the subject.
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