https://www.taxtmi.com/article/detailed?id=16821 Refund of unutilised input tax credit under Section 54 of the CGST Act is governed by a distinct limitation rule from refund of tax paid on exports. For refund claims relating to periods before the amendment of Explanation 2(e), the relevant date is the due date for furnishing the return for the period in which the refund claim arises, read in practice as the end of the financial year under the unamended provision. Explanation 2(a), which concerns refund of tax paid on exported goods or services, does not govern unutilised ITC refunds. en-us Thu, 02 Jul 2026 08:08:11 +0530 Thu, 02 Jul 2026 08:08:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=16821 Refund of unutilised input tax credit under Section 54 of the CGST Act is governed by a distinct limitation rule from refund of tax paid on exports. For refund claims relating to periods before the amendment of Explanation 2(e), the relevant date is the due date for furnishing the return for the period in which the refund claim arises, read in practice as the end of the financial year under the unamended provision. Explanation 2(a), which concerns refund of tax paid on exported goods or services, does not govern unutilised ITC refunds. Articles Goods and Services Tax - GST Thu, 02 Jul 2026 08:08:11 +0530 https://www.taxtmi.com/article/detailed?id=16821