Processing of Refund of Claim [ Section 54(5) & 54(7) ]

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..... d to in section 57 of CGST Act 2017 . Time limit for Refund [ Section 54(7) ] The proper officer shall issue a order for acceptance / rejection of refund within 60 days from the date of receipt of application. Circular No. 3 / 3 / 2017 - GST dated 05-07-2017 clarifies Deputy or Assistant Commissioner of Central Tax to be proper officer for the purpose of refund. .....

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..... on 54(5) read with section 54(8) of the CGST Act, 2017. Every claim of refund sanctioned will be credited to the Consumer Welfare Fund in terms of section 54(5) of CGST Act, 2017. It will, instead of being credited to the fund, be paid to the claimant in situations mentioned in Section 54(8). Thus, the principle will not apply to refund claims arising on account of exports, refund of accumulate .....

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