Conditions:
- If the claim is for refund of the accumulated input tax credit on account of :
a. Exports without payment of tax
b. Supplies to SEZ Unit/SEZ Developer without payment of tax
c. Accumulation due to Inverted tax structure and the supplier has not filed any refund application for the future period under the same category. - For other categories, no other conditions other tan filing the NIL application shall be applicable.
Procedure:
- The regd. person shall file the refund application for the same period under “Any other” category
- The application should contain all the supporting documents, which are required in the regular process
- The proper offer shall review the same and ask for the additional info., if any
- After review the officer shall compute the eligible refund and ask the recipient to reverse the credit through DRC-03.
After submitting the proof of the same, the proper officer shall issue the refund order and the payment order.