Goods and Services Tax – Started By: – Narendra Soni – Dated:- 8-8-2016 Last Replied Date:- 11-9-2016 – Dear expertsIn GST Act, procedure of disposal of Refund (excise/service tax/VAT) filed in present law is given below:-(i) The refund if allowed would accrue in cash under the earlier law, viz., and would not be credited to the electronic credit ledger or electronic cash ledger.(ii) The refund if rejected, fully or partially would lapse, no credit will be allowed.Please suggest1.The stage of rejection when the refund will be treated as 'rejected' i.e.rejected by Asst.Commir /DC or By Commr. (Appeal) or by Jt.Secretory or by HC/SC.2.What will be for refund/rebate claims pending at Commr (Appeal) or by Jt.Secretory or by HC/SC, due
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to ensure quick refund, 80% of the refund on account of exports of goods & services will be given expeditiously ,on provisional basis, while balance 20% will be refunded after due verification of documents. For the exporters, the facility of duty free imports/ procurement of inputs for exports should continue else it will lead to increasing requirement of working capital even for payment of IGST /CGST/SGST. This will hit MSME as their cost of capital is quite high, blunting their competitive edge in exports .The exemption will not lead to any loss of revenue as in any case exporters will be entitled to refund which affect their liquidity. – Reply By Ganeshan Kalyani – The Reply = Sir, 1) in my view the highest authority. 2) special team
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