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* Section 54. Refund of tax.- (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years from the relevant date in such form and manner as may be prescribed :
Apr 12, 2023 · Section 54 of the CGST Act provides provisions for claiming refunds of excess GST paid by a registered person. It sets out various conditions and time limits for claiming such refunds, along with the relevant dates for determining the eligibility for refunds.
Jul 9, 2020 · Section 54 – Refund of tax. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or any other amount paid by him, may make an application before the expiry of two years from the relevant date in such form and manner as may be prescribed:
Nov 10, 2023 · Section 54(1) of the Central Goods and Services Tax (CGST) Act, 2017, deals with the timeline for filing a refund application, and Explanation (2) provides the definition of the ‘relevant date.’ Let’s break down Section 54(1) and Explanation (2) and provide examples to illustrate their application: Section 54(1) Overview:
Tribunal and the Authority referred to in sub-section (2) of section 171]3; (5) ―agent‖ means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of
Section 54 of the CGST Act, 2017. Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim
Mar 30, 2024 · Section 54 of the CGST Act allows registered persons to demand refunds of excess GST paid. It specifies the numerous requirements and time constraints for claiming such reimbursements, as well as the essential dates for evaluating eligibility.
Various representations have been received from taxpayers and other stakeholders seeking clarification in respect of certain issues relating to refund. The issues have been examined. In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Board, in exercise of its powers conferred by section ...
Sub-section (14) of section 54 of the CGST Act provides that no refund under sub- section (5) or sub-section (6) shall be paid to an applicant, if amount is less than one thousand rupees.
Section 54 - Refund of tax of CGST ACT, 2017. 54. (1) Any person claiming refund of any tax and interest, if any, paid on such tax or. any other amount paid by him, may make an application before the expiry of two years from. the relevant date in such form and manner as may be prescribed:
