India Customs Agency Issues Circular Clarifying GST Refund Rules for Wrongful Collections, Payments

The Indian Central Board of Excise and Customs Sept. 25 issued Circular No. 162/18/2021, clarifying the rules for claiming a refund on the wrongful collection and payment of GST. The circular includes that: 1) taxpayers may file refund claim form GST RFD-01 electronically within two years after GST payment under the correct category; 2) refunds aren’t available for tax-adjusted transactions through the credit notes; and 3) interest is generally not payable on refunds. [India, Central Board of Excise and Customs, 09/25/21]

Reference:
View Circular No. 162/18/2021-GST. View Index.