https://www.taxtmi.com/forum/issue?id=113788 Excess GST payments (including cess, IGST, CGST and SGST) cannot be unilaterally adjusted in a subsequent financial year; the statutory refund mechanism governs correction of excess payments. The refund framework covers multiple situations-exports, SEZ supplies, deemed exports, refunds following orders, accumulated input tax credit from inverted duties, provisional assessment finalisation, excess payments by mistake, tourist refunds, refund vouchers for advances, and changes in intra /inter State characterisation-and requires adherence to prescribed timelines and documentary requirements. Experts in the discussion advise claiming refund rather than adjusting the excess in books. en-us Sat, 26 May 2018 17:30:35 +0530 Thu, 23 Jan 2025 15:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113788 Excess GST payments (including cess, IGST, CGST and SGST) cannot be unilaterally adjusted in a subsequent financial year; the statutory refund mechanism governs correction of excess payments. The refund framework covers multiple situations-exports, SEZ supplies, deemed exports, refunds following orders, accumulated input tax credit from inverted duties, provisional assessment finalisation, excess payments by mistake, tourist refunds, refund vouchers for advances, and changes in intra /inter State characterisation-and requires adherence to prescribed timelines and documentary requirements. Experts in the discussion advise claiming refund rather than adjusting the excess in books. Discussion-Forum GST Sat, 26 May 2018 17:30:35 +0530 https://www.taxtmi.com/forum/issue?id=113788