Rule 77 of CGST Rules 2017: Refund of Interest Paid on Reclaim of Reversals

Rule 77 of ‘Central Goods and Services Tax (CGST) Rules 2017’: Refund of Interest Paid on Reclaim of Reversals

Provisions under Rule 77 of the Central Goods and Services Tax (CGST) Rules, 2017 relating to “Refund of Interest Paid on Reclaim of Reversals”, as per CGST (2nd Amendment) Rules 2017 notified by CBEC on 28 June 2017, applicable w.e.f. 1 July 2017, are as under:

CGST Rule 77: Refund of Interest Paid on Reclaim of Reversals (Chapter-VIII: Returns)

The interest to be refunded under sub-section (9) of section 42 or sub-section (9) of section 43 shall be claimed by the registered person in his return in FORM GSTR-3 and shall be credited to his electronic cash ledger in FORM GST PMT-05 and the amount credited shall be available for payment of any future liability towards interest or the taxable person may claim refund of the amount under section 54.

Related Posts:

CGST (2nd Amendment) Rules, 2017: CGST Notification No. 10/2017

CGST (Amendment) Rules 2017: CGST Notification No. 7/2017

CGST Rules 2017: CGST Notification No. 3/2017 dt. 19 June 2017   

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