PMT 03
This query is : Open
Quick Summary
27 August 2021
Sir,
we have to receive inadmissable refund amount from department , debited amount to credit in our credit ledger. they are tried lot of times but it is showing error, they informed pmt03 undertaking in refund column to upload.
what is pmt 03 undertaking , how to upload in GST Site.
Kindly guide and explain me
Thanking you
we have to receive inadmissable refund amount from department , debited amount to credit in our credit ledger. they are tried lot of times but it is showing error, they informed pmt03 undertaking in refund column to upload.
what is pmt 03 undertaking , how to upload in GST Site.
Kindly guide and explain me
Thanking you
27 August 2021
What is FORM PMT-03?
Form GST-PMT-03- Order for re-credit of the amount to cash or credit ledger
on rejection of refund claim
PMT-03 is an order to re-credit cash/ITC amount on the rejection of a refund claimed. So, whenever a refund amount is rejected as per Rule 92 of the CGST Rules, the rejected amount either in full or part is re-credited to the electronic credit ledger by an Order in Form PMT-03.
How to respond for PMT-03
A tax official can re-credit the electronic credit ledger by the issue of PMT-03 only after the receipt of an undertaking from the applicant that he shall not file an appeal against the order.
Suppose he still files an appeal, the same will be decided against the applicant as per the rules. If the applicant still files an appeal against the order in PMT-03 and the appellate authority decides in favor of the applicant, then he can file a fresh refund claim using the ‘Claim Refund’ option ‘On Account of Assessment/Provisional Assessment/Appeal/Any other Order’. Accordingly, manual credit can be taken by the taxpayer.
Form GST-PMT-03- Order for re-credit of the amount to cash or credit ledger
on rejection of refund claim
PMT-03 is an order to re-credit cash/ITC amount on the rejection of a refund claimed. So, whenever a refund amount is rejected as per Rule 92 of the CGST Rules, the rejected amount either in full or part is re-credited to the electronic credit ledger by an Order in Form PMT-03.
How to respond for PMT-03
A tax official can re-credit the electronic credit ledger by the issue of PMT-03 only after the receipt of an undertaking from the applicant that he shall not file an appeal against the order.
Suppose he still files an appeal, the same will be decided against the applicant as per the rules. If the applicant still files an appeal against the order in PMT-03 and the appellate authority decides in favor of the applicant, then he can file a fresh refund claim using the ‘Claim Refund’ option ‘On Account of Assessment/Provisional Assessment/Appeal/Any other Order’. Accordingly, manual credit can be taken by the taxpayer.
27 August 2021
Thank you Mam for your quick reply, already rfd 09 undertaking given now again where I have to submit undertaking.
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