Refund shall be sanctioned in 90 days in all cases, excepting in a case where the refund to the extent of 80% of the total amount claimed is refundable to certain categories of exporters. If refund is not sanctioned within the period of three months, interest will have to be
How will the refunds arising out of earlier law be paid?
The refund arising out of earlier law will be paid as per the earlier law and will be paid in cash (under CGST) or as per the provisions of the earlier law (under SGST) and will not be available as ITC.
Cases in which no refund shall be granted
Stock Transfer Under GST What is Stock Transfer under Existing Law:- Under Excise As per excise law, we need to pay excise duty on clearance of good from factory or place of business, so if we transfer goods from factory, we need to pay excise duty. Under Vat/CST As...