Introduction of GST Refund

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....fund procedures under GST regime. Thus, under the GST regime there will be a standardised form for making any claim for refunds. The claim and sanctioning procedure will be completely online and time bound which is a marked departure from the existing time consuming and cumbersome procedure. SITUATIONS LEADING TO REFUND CLAIMS The relevant date provision embodied in Section 54 of the CGST Act, 2....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ment, decree, order or direction of the Appellate Authority, Appellate Tribunal or any court 8. Refund of accumulated Input Tax Credit on account of inverted duty structure 9. Finalisation of provisional assessment 10. Excess balance in electronic cash ledger 11. Excess payment of tax and interest, if any, or any other amount paid 12. Refunds to International tourists of GST paid on good....