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TMI BlogPrescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03AX X X X Extracts X X X X X X X X Extracts X X X X ..... hat the said circular issued by the CBIC is being made applicable, mutatis mutandis, in implementation of the MGST Act, 2017. Copy of the referred CBIC circular is attached herewith. This Trade Circular is clarificatory in nature. Difficulty if any, in the implementation of this Circular may be brought to the notice of the office of the Commissioner of State Tax, Maharashtra. Yours faithfully, (RAJEEV KUMAR MITAL) Commissioner of State Tax, Maharashtra State, Mumbai Circular No. 174/06/2022-GST F. No. CBIC-20001/2/2022-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 6th July, 2022 To, The Principal Chief Commissioners / Chief Co ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... reproduced as under: (4B) Where a registered person deposits the amount of erroneous refund sanctioned to him - a. under sub-section (3) of section 54 of the Act, or b. under sub-rule (3) of rule 96, in contravention of sub-rule (10) of rule 96, along with interest and penalty, wherever applicable, through FORM GST DRC-03, in cash, on his own or on being pointed out, an amount equivalent to the amount of erroneous refund deposited by the registered person shall be re-credited to the electronic credit ledger by the proper officer by an order made in FORM GST PMT-03A. 3.2 From the above, it can be stated that in respect of the following categories of refund sanctioned erroneously, re-credit of amount in the electronic credit ledger c ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplicable interest, as per the provisions of section 50 of the CGST Act, and penalty, wherever applicable, has been paid by the said registered person in FORM GST DRC-03 by way of debit in electronic cash ledger, he shall re-credit an amount in electronic credit ledger, equivalent to the amount of erroneous refund so deposited by the registered person, by passing an order in FORM GST PMT-03A, preferably within a period of 30 days from the date of receipt of request for re-credit of erroneous refund amount so deposited or from the date of payment of full amount of erroneous refund along with applicable interest, and penalty, wherever applicable, whichever is later. 5. It is requested that suitable trade notices may be issued to publicize th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... _________ 3. GST RFD-06 Order No. & Date ________ 4. Amount of refund claimed __________ 5. Amount of refund sanctioned __________ 6. Date of credit of refund in Bank Account ____________ 3. I/We have deposited the erroneous refund amount of Rs. ________ along with interest of Rs. _________ and penalty of Rs. ________ (wherever applicable) vide FORM GST DRC -03 Ref/ARN _________ dated________ voluntarily on my own ascertainment/ against a notice/order/letter No. _____ dated _______ issued by (details of the tax authority). It is now requested to re-credit an amount equivalent to the amount of erroneous refund, so deposited, in the Electronic Credit Ledger. 4. I hereby solemnly affirm and declare that the information given hereinab ..... X X X X Extracts X X X X X X X X Extracts X X X X
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