clarification on Circular No. 197/09/2023- GST regarding refund related issues by CMA Ashok Nawal.
Clarification on the issues detailed hereunder.
1. Refund of accumulated input tax credit under Section 54(3) on the basis of that available as per FORM GSTR 2B
2. Requirement of the undertaking in FORM RFD 01 inserted vide Circular No. 125/44/2019-GST dated 18.11.2019.
3. Manner of calculation of Adjusted Total Turnover under sub-rule (4) of Rule 89 of CGST Rules consequent to Explanation inserted in sub-rule (4) of Rule 89 vide Notification No. 14/2022- CT, dated 05.07.2022.
4. Clarification in respect of admissibility of refund where an exporter applies for refund subsequent to compliance of the provisions of sub-rule (1) of rule 96A
