GST
LEI needed for refunds of ₹50 crore or more
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Facts
For refund claims of ₹50 crore or more, the portal requires a Legal Entity Identifier (LEI) of 20 alphanumeric characters, typed in twice. Some business constitutions are exempt.
Provisions and law
- Rule 89, CGST Rules 2017Application for refund in RFD-01 with the prescribed statements
Analysis
LEI is issued by an authorised LEI issuer in India. Getting one can take a few days, so apply before the claim is ready. The portal blocks copy and paste for the LEI field to avoid errors.
Conclusion
- Check if the claim is ₹50 crore or more
- Obtain an LEI from an authorised issuer
- Enter it twice in the refund form
- Keep the LEI renewed
A Savvy can do this for you
Refund of excess cash ledger balance
₹1,999
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