GST
Bank account not validated for IGST refund
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Facts
IGST export refunds are paid to the bank account registered with customs and validated through PFMS. If the account is not registered or validation fails, the refund is held.
Provisions and law
- Rule 96, CGST Rules 2017Shipping bill is deemed a refund application for IGST paid on exported goods once the EGM and a valid GSTR-3B are filed
- Sec 54, CGST Act 2017Refund of tax
Analysis
Register the account on ICEGATE and get it validated. If the bank changed its IFSC after a merger, update it. Once validated, pending refunds are released.
Conclusion
- Check bank account status on ICEGATE.
- Register or update the account.
- Wait for PFMS validation.
- Ask the refund cell to release once validated.
A Savvy can do this for you
Refund of IGST paid on export of goods via shipping bill
₹4,999
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