https://www.taxtmi.com/circulars?id=57713 Clarifies GST refund processing: claimants must submit invoice-level details with FORM GST RFD-01A; refundable unutilized ITC is the least of the statutory formula, ledger balance at period end, and ledger balance at filing, and must be debited in order-integrated tax first, then central and state/UT taxes equally with cross-adjustment for shortfalls. Re-crediting on rejection differs where ITC is ineligible (immediate re-credit with demand) versus other reasons (re-credit after undertaking or final adverse appeal decision). Rule 96(10) restricts refunds for direct purchasers/importers benefiting from specified notifications; disbursing authorities must not withhold sanctioned refunds except as statutorily permitted. en-us Wed, 14 Nov 2018 00:00:00 +0530 Sat, 24 Nov 2018 13:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=57713 Clarifies GST refund processing: claimants must submit invoice-level details with FORM GST RFD-01A; refundable unutilized ITC is the least of the statutory formula, ledger balance at period end, and ledger balance at filing, and must be debited in order-integrated tax first, then central and state/UT taxes equally with cross-adjustment for shortfalls. Re-crediting on rejection differs where ITC is ineligible (immediate re-credit with demand) versus other reasons (re-credit after undertaking or final adverse appeal decision). Rule 96(10) restricts refunds for direct purchasers/importers benefiting from specified notifications; disbursing authorities must not withhold sanctioned refunds except as statutorily permitted. Circulars GST - States Wed, 14 Nov 2018 00:00:00 +0530 https://www.taxtmi.com/circulars?id=57713