https://www.taxtmi.com/article/detailed?id=9045 Refunds of tax paid via the electronic credit ledger, if admissible, shall be credited back to the Electronic Credit Ledger. For refunds other than those on zero-rated supplies or deemed exports, the officer shall sanction payment partly in cash-proportionate to cash debits-and recredit remaining amounts as Input Tax Credit via FORM GST PMT-03, recording adjustments against outstanding demands. Exporters who do not realize export proceeds within the FEMA period must deposit refunded unutilized ITC or IGST with interest within thirty days of that period's expiry, failing which recovery provisions apply unless the Reserve Bank of India writes off the realization requirement. en-us Tue, 07 Apr 2020 09:44:06 +0530 Tue, 07 Apr 2020 09:44:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9045 Refunds of tax paid via the electronic credit ledger, if admissible, shall be credited back to the Electronic Credit Ledger. For refunds other than those on zero-rated supplies or deemed exports, the officer shall sanction payment partly in cash-proportionate to cash debits-and recredit remaining amounts as Input Tax Credit via FORM GST PMT-03, recording adjustments against outstanding demands. Exporters who do not realize export proceeds within the FEMA period must deposit refunded unutilized ITC or IGST with interest within thirty days of that period's expiry, failing which recovery provisions apply unless the Reserve Bank of India writes off the realization requirement. Articles Goods and Services Tax - GST Tue, 07 Apr 2020 09:44:06 +0530 https://www.taxtmi.com/article/detailed?id=9045