Karnataka Goods and Services Tax (Fifth Amendment) Rules, 2021

Jul 19, 2021 | by Avantis RegTech Legal Research Team

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Finance & Taxation Compliance

The Finance Department of Karnataka on July 09, 2021 has issued the Karnataka Goods and Services Tax (Fifth Amendment) Rules, 2021 to further amend the Karnataka Goods and Services Tax Act, 2017. 

The following amendments have been made: 

• Rule 90 (3), a new proviso has been inserted, which specifies the filing of refund claim, namely: 

“Provided that, the time period, from the date of filing of the refund claim in FORM GST RFD-01 till the date of communication of the deficiencies in FORM GST RFD-03 by the proper officer, shall be excluded from the period of two years as specified under sub-section (1) of section 54, in respect of any such fresh refund claim filed by the applicant after rectification of the deficiencies.”

• Rule 90 (5), which specifies the issuance of provisional refund sanction order, has been inserted, namely: 

“The applicant may, at any time before issuance of provisional refund sanction order in FORM GST RFD-04 or final refund sanction order in FORM GST RFD-06 or payment order in FORM GST RFD-05 or refund withhold order in FORM GST RFD-07 or notice in FORM GST RFD-08, in respect of any refund application filed in FORM GST RFD-01, withdraw the said application for refund by filing an application in FORM GST RFD-01W.”

• Rule 90 (6), which specifies the submission of application for withdrawal of refund, has been inserted, namely:

“On submission of application for withdrawal of refund in FORM GST RFD-01W, any amount debited by the applicant from electronic credit ledger or electronic cash ledger, as the case may be, while filing application for refund in FORM GST RFD-01, shall be credited back to the ledger from which such debit was made.”

• Form GST RFD-07, which specifies the order for withholding the refund, has been substituted. 

[Notification No. FD 02 CSL 2021]

 


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