The Central Board of Indirect Taxes & Customs (CBIC) vide its notification no.46/2020-Central Tax dated 9th June 2020 has extended the Order for rejection of refund claims of GST under section 54 of CGST Act,2017 in wake of Covid-19 pandemic.
Section 54 of CGST Act,2017 prescribes various kinds of refunds that a taxpayer can claim under the GST Act. Some of the Examples would be a refund of unutilised Input Tax Credit in case of Outward Supplies being Exports or zero-rated supplies to SEZ etc.
As per section 54(5) read with section 54(7) of CGST Act,2017, Order of refund in full or part as per the satisfaction of officer shall be issued within sixty days of the receipt of the complete application of refund in all aspects. The Order of rejection of refund in part of in full can be issued as well if the proper officer is not satisfied with the refund application by the registered person. However, opportunity of being heard shall be given to the registered person via show-cause notice.
CBIC in its notification has extended the time limit for issuance of the order in cases where the time limit for issuance of the order under Section 54(7) falls during the period from 20th March 2020 to 29th June 2020. The Time-limit shall be extended to 15 days after the receipt of reply to notice from the registered person on or 30th June 2020, whichever is later.
This notification shall come into force with effect from 20th March 2020.
Source: www.cbic.gov.in
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