GST refund rules
Revised GST refund rules are released by the GSTIN.
Major provisions given in these rules are:
- Application for refund of tax, interest, penalty, fees or any other amount
- Acknowledgement
- Grant of provisional refund
- Order sanctioning refund
- Credit of the amount of rejected refund claim
- Order sanctioning interest on delayed refunds
- Refund of tax to certain persons
- Consumer Welfare Fund