https://www.taxtmi.com/article/detailed?id=6971 Applicants claiming GST refunds must demonstrate that tax incidence has not been passed on, subject to exceptions for exports, inputs/services for export, and unspent PLA balances. Refunds must be shown as "Duty Receivable" current assets with year end journal entries linking invoices to the receivable. Certification thresholds vary by refund size, with professional certification required in larger cases. Refunds linked to inputs, capital goods, discounts, provisional assessments or favourable appellate orders require accounting adjustments or reversal of input credit to satisfy the unjust enrichment test; unjust enrichment does not apply to pre deposit refunds. en-us Wed, 07 Sep 2016 10:24:38 +0530 Wed, 07 Sep 2016 10:24:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=6971 Applicants claiming GST refunds must demonstrate that tax incidence has not been passed on, subject to exceptions for exports, inputs/services for export, and unspent PLA balances. Refunds must be shown as "Duty Receivable" current assets with year end journal entries linking invoices to the receivable. Certification thresholds vary by refund size, with professional certification required in larger cases. Refunds linked to inputs, capital goods, discounts, provisional assessments or favourable appellate orders require accounting adjustments or reversal of input credit to satisfy the unjust enrichment test; unjust enrichment does not apply to pre deposit refunds. Articles Goods and Services Tax - GST Wed, 07 Sep 2016 10:24:38 +0530 https://www.taxtmi.com/article/detailed?id=6971