GST — Refunds — Clarification on refund related issues

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....lating refund amount 3.1. Currently, in case of refund of unutilized input tax credit (ITC for short), the common portal calculates the refundable amount as the least of the following amounts: a) The maximum refund amount as per the formula in rule 89(4) or rule 89(5) of the Central Goods and Services Tax Rules, 2017 (hereinafter referred to as the "CGST Rules") [formula is applied on the consolidated amount of ITC, i.e. Central tax + State tax/ Union Territory tax +lntegrated tax + Cess (wherever applicable)]; b) The balance in the electronic credit ledger of the claimant at the end of the tax period for which the refund claim is being filed after the return for the said period has been filed; and c) The....

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....lectronic credit ledger has been debited in the manner specified in para 3.2 (read with para 3.3) above, and the ARN is generated on the common portal. 2. As the procedure described is not presently available in common portal, the tax payers is required to enter the eligible refund amounts manually i.e., the least of the amount derived vide Para 3.1 (a) or (b) or (c) of the above referred circular. After calculating the least of three amounts, the equivalent amount is to be debited from the electronic credit ledger of the claimant in the following order: a) Integrated tax, to the extent of balance available; b) Central tax and State tax/ Union Territory tax, equally to the extent of balance available and in the event of....