https://www.taxtmi.com/article/detailed?id=12594 The statutory refund regime under Section 38 requires adherence to the timeline in Section 38(3) for processing refunds; adjustment under Section 38(2) is lawful only to the extent of amounts "due under the Act" existing when the refund is processed. Refundable sums not processed within the prescribed period may not be retained and later adjusted against demands issued after that period, because construing the timeline merely as an interest trigger would defeat the provision's protective purpose. en-us Wed, 08 May 2024 08:40:25 +0530 Wed, 08 May 2024 08:40:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=12594 The statutory refund regime under Section 38 requires adherence to the timeline in Section 38(3) for processing refunds; adjustment under Section 38(2) is lawful only to the extent of amounts "due under the Act" existing when the refund is processed. Refundable sums not processed within the prescribed period may not be retained and later adjusted against demands issued after that period, because construing the timeline merely as an interest trigger would defeat the provision's protective purpose. Articles Goods and Services Tax - GST Wed, 08 May 2024 08:40:25 +0530 https://www.taxtmi.com/article/detailed?id=12594