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CMA Final · Indirect Tax Laws and Practice · GST Refunds - Inverted Duty Structure and Zero Rated Supplies

Under Rule 89(2), when the refund claimed does not exceed two lakh rupees, which document must accompany the application to show that the incidence of tax has not been passed on?

A declaration that the incidence of tax, interest or other amount claimed has not been passed on to any other person is required where the claim does not exceed two lakh rupees. A CA or cost accountant certificate is needed only for claims above two lakh rupees.

  1. AA certificate from a chartered accountant or cost accountant in Annexure 2
  2. BA declaration that the incidence of tax, interest or other amount claimed has not been passed on to any other personCorrect
  3. CA copy of the final assessment order
  4. DA statement of number and date of shipping bills

Explanation

Clause (l) requires a declaration where the refund claimed does not exceed ₹2 lakh. The CA or cost accountant certificate in clause (m) applies where the refund exceeds ₹2 lakh. Both are not required for refunds covered by the specified clauses of section 54(8).

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