Category: GST Rules

GST Rules

Interest on Delayed Refunds under GST

Rule-94 of CGST Rules 2017 Order sanc­tion­ing inter­est on delayed refunds.-  Where any inter­est is due and payable to the appli­cant under sec­tion 56, the prop­er offi­cer shall make an order along with a pay­ment advice in FORM GST RFD-05, specifying…

Credit of the amount of rejected refund claim

Rule-93 of CGST Rules 2017 Cred­it of the amount of reject­ed refund claim.-  (1) Where any defi­cien­cies have been com­mu­ni­cat­ed under sub-rule (3) of rule 90, the amount deb­it­ed under sub-rule (3) of rule 89 shall be re-cred­it­ed to the electronic…

Grant of provisional refund under GST

Rule-91 of CGST Rules 2017 Grant of pro­vi­sion­al refund.- (1) The pro­vi­sion­al refund in accor­dance with the pro­vi­sions of sub-sec­­tion (6) of sec­tion 54 shall be grant­ed sub­ject to the con­di­tion that the per­son claim­ing refund has, dur­ing any peri­od of…

How Refund application would be processes under GST

Rule-90 of CGST Rules 2017 Acknowl­edge­ment (1) Where the appli­ca­tion relates to a claim for refund from the elec­tron­ic cash ledger, an acknowl­edge­ment in FORM GST RFD-02 shall be made avail­able to the appli­cant through the com­mon por­tal elec­tron­i­cal­ly, clear­ly indicating…

Identification number for each GST Payment transaction

Rule-88 of CGST Rules 2017 Iden­ti­fi­ca­tion num­ber for each trans­ac­tion.-  (1) A unique iden­ti­fi­ca­tion num­ber shall be gen­er­at­ed at the com­mon por­tal for each deb­it or cred­it to the elec­tron­ic cash or cred­it ledger, as the case may The unique iden­ti­fi­ca­tion number…

What is Electronic Cash Ledger

Rule-87 of CGST Rules 2017 Elec­tron­ic Cash Ledger.-  (1) The elec­tron­ic cash ledger under sub-sec­­tion (1) of sec­tion 49 shall be main­tained in FORM GST PMT-05 for each per­son, liable to pay tax, inter­est, penal­ty, late fee or any oth­er amount,…

What is Electronic Credit Ledger under GST

Rule-86 of CGST Rules 2017 Elec­tron­ic Cred­it Ledger.-  (1) The elec­tron­ic cred­it ledger shall be main­tained in FORM GST PMT-02 for each reg­is­tered per­son eli­gi­ble for input tax cred­it under the Act on the com­mon por­tal and every claim of input…

What is Electronic Liability Register under GST

Rule-85 under CGST Rules 2017 Elec­tron­ic Lia­bil­i­ty Reg­is­ter.-  (1) The elec­tron­ic lia­bil­i­ty reg­is­ter spec­i­fied under sub- sec­tion (7) of sec­tion 49 shall be main­tained in FORM GST PMT-01 for each per­son liable to pay tax, inter­est, penal­ty, late fee or any…