The Directorate of Commercial Taxes, West Bengal on September 29, 2022 has issued Notification regarding Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A.
The following has been stated namely: -
• Categories of refunds where re-credit can be done using FORM GST PMT-03A: It can be stated that in respect of the following categories of refund sanctioned erroneously, re-credit of the amount in the electronic credit ledger can be done through FORM GST PMT 03A, on deposit of such erroneous refund along with interest and penalty, wherever applicable, by the taxpayer:
1. Refund of IGST obtained in contravention of sub-rule (10) of rule 96.
2. Refund of unutilised ITC on account of export of goods/services without payment of tax.
3. Refund of unutilised ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax. d. Refund of unutilised ITC due to inverted tax structure.
• Procedure for re-credit of amount in electronic credit ledger:
1. The taxpayer shall deposit the amount of erroneous refund along with applicable interest and penalty, wherever applicable, through FORM GST DRC-03 by debiting of amount from electronic cash ledger.
2. Till the time an automated functionality is generated, the taxpayer shall make a written request, to the jurisdictional proper officer to re-credit the amount equivalent to the amount of refund thus paid back through FORM GST DRC-03, to electronic credit ledger.
3. The proper officer, on being satisfied that everything has been paid, 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 the request.
[Trade Circular No. 07/2022]
