Prescribing manner of re-credit in electronic credit ledger using Form GST PMT-03A

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.... In the reference cited, the CBIC, Department of Revenue, Ministry of Finance, Government of India, New Delhi, has issued Circular No. 174/06/2022-GST, dated July 6, 2022 on the recommendations of the GST Council. Hence, following pari materia circular is issued :- Difficulties were being faced by the taxpayers in taking re-credit of the amount in the electronic credit ledger in cases where any excess or erroneous refund sanctioned to them had been paid back by them either on their own or on being pointed by the tax officer. In order to resolve this issue, GSTN has recently developed a new functionality of Form GST PMT-03A which allows proper officer to re-credit the amount in the electronic credit ledger of the taxpayer. Further, sub-ru....

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.... be stated that in respect of the following categories of refund sanctioned erroneously, re-credit of amount in the electronic credit ledger can be done through Form GST PMT-03A, on deposit of such erroneous refund along with interest and penalty, wherever applicable, by the taxpayer : (a) Refund of IGST obtained in contravention of sub-rule (10) of rule 96. (b) Refund of unutilised ITC on account of export of goods/services without payment of tax. (c) Refund of unutilised ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax. (d) Refund of unutilised ITC due to inverted tax structure. 4. Procedure for re-credit of amount in electronic credit ledger : 4.1....

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....nt of erroneous refund along with applicable interest, and penalty, wherever applicable, whichever is later. Sd/-Dheeraj Kumar Principal Secretary/ Commissioner of State Tax   Annexure-A From, GSTIN . . . . . . . . . . Legal Name . . . . . . . . . . Trade Name . . . . . . . . . . To, Jurisdictional Proper officer, Address . . . . . . . . . . Subject : Request for re-credit of amount in electronic credit ledger I/We have been granted refund under the following category (please tick the relevant category) : (a) Refund of IGST, obtained in contravention of sub-rule (10) of rule 96 of the TNGST Rules, 2017. (b) Refund of unutilised ITC on account of e....