https://www.taxtmi.com/article/detailed?id=10653 Entitlement to cash refund exists for unutilised pre GST CENVAT credit under the CGST Act refund provision; re crediting debited CENVAT credit back to input tax accounts is allowed only after final adjudication, abandonment of the refund claim, or when re credit cannot produce a double benefit. Authorities must guard against premature re credit that would permit dual recovery, and bona fide conduct in awaiting finality is a relevant consideration. The refund provision of Section 142(3) of the CGST Act governs cash payment for such unutilised credits, and authorities should process the sanctioned cash refund with applicable interest in accordance with the statutory framework. en-us Tue, 30 Aug 2022 10:19:07 +0530 Tue, 30 Aug 2022 10:19:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=10653 Entitlement to cash refund exists for unutilised pre GST CENVAT credit under the CGST Act refund provision; re crediting debited CENVAT credit back to input tax accounts is allowed only after final adjudication, abandonment of the refund claim, or when re credit cannot produce a double benefit. Authorities must guard against premature re credit that would permit dual recovery, and bona fide conduct in awaiting finality is a relevant consideration. The refund provision of Section 142(3) of the CGST Act governs cash payment for such unutilised credits, and authorities should process the sanctioned cash refund with applicable interest in accordance with the statutory framework. Articles Cenvat Credit Tue, 30 Aug 2022 10:19:07 +0530 https://www.taxtmi.com/article/detailed?id=10653