Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A

Circular No.ES/58/2022-23                                                           8^th July, 2022       

To: Members of the Council          

Sub: Prescribing manner of re-credit in electronic credit ledger using FORM GST PMT-03A 

Dear Member,        

CBIC vide its Circular No. 174/06/2022-GST dated 6^th July, 2022 has prescribed the manner of re-credit in electronic credit ledger using FORM GST PMT-03A. 

Difficulties were being faced by the taxpayers in taking re-credit of the amount in the electronic credit ledger in cases where any excess or erroneous refund sanctioned to them had been paid back by them either on their own or on being pointed by the tax officer.  

Hence, to resolve this issue, GSTN has recently developed a new functionality of FORM GST PMT03A which allows proper officer to re-credit the amount in the electronic credit ledger of the taxpayer. Further, sub-rule (4B) in rule 86 of CGST Rules, 2017 has been inserted vide Notification No. 14/2022-C.T. dated 05.07.2022 to provide for re-credit in the electronic credit ledger where the taxpayer deposits the erroneous refund sanctioned to him. 

Now, to ensure uniformity in the implementation of the provisions of the law across field formations, CBIC hereby clarified the following: 

1. Categories of refunds where re-credit can be done using FORM GST PMT-03 A 
2. Procedure for re-credit of amount in electronic credit ledger 

For detailed information, members may kindly refer to Circular No. 174/06/2022-GST dated 6^th July, 2022.

Members may kindly make a note of the above.  

Thanking you,                        

Yours faithfully,                       

S. BALARAJU     
EXECUTIVE DIRECTOR