GST Refunds | Goods and Services Tax

GST stands for Goods and Services Tax

“Goods and Services Tax Refund” includes refund of tax on goods and/or services exported out of India or on inputs or input services used in the goods and/or services which are exported outside India, or refund of tax on the supply of goods regarded as deemed exports, or refund of not utilized input tax credit as provided under section 38(2). Refund shall be granted within 90 days from the date of receipt of complete application. Interest is payable if refund is not sanctioned within the stipulated period of 90 days.

Section 48. Refund of tax

The “application” for the purpose of this sub-section shall mean complete application containing all information as may be prescribed. For the purposes of this sub-section, the expression “specified date” shall mean—

  • the last date for filing an appeal under this Act, in a case where no appeal has been filed; or
  • thirty days from the date of filing an appeal under this Act, in a case where an appeal has been filed.

Section 49. Refund in certain cases

The Central/State Government may, on the recommendation of the Council, by notification, specify any specialized agency of the United Nations Organization or any Multilateral Financial Institution and Organization notified under the United Nations (Privileges and Immunities) Act, 1947 (46 of 1947), Consulate or Embassy of foreign countries and any other person or class of persons as may be specified in this behalf, who shall, subject to such conditions and restrictions as may be prescribed, be entitled to claim a refund of taxes paid on the notified supplies of goods or services received by them.

Section 50. Interest on delayed refunds

Where any order of refund is made by an Appellate Authority, Tribunal or any Court against an order of the proper officer under sub-section (5) of section 48, the order passed by the Appellate Authority, Tribunal or, as the case may be, by the Court shall be deemed to be an order passed under the said sub-section (5) for the purposes of this section.

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