PMT 03

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Quick Summary

Form GST PMT-03 is an order used to re-credit amounts to your cash or credit ledger when a refund claim has been rejected. This typically happens after an application for refund is denied under Rule 92 of the CGST Rules. To process this re-credit, a tax official requires an undertaking from the applicant stating they will not appeal the rejection order. If you've already provided an RFD-09 undertaking, you may need to submit a new one specifically for the PMT-03 process, depending on the department's instructions.

ARCHANA

ARCHANA (Querist)

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

VANAJA RANI

VANAJA RANI (Expert)

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.

ARCHANA

ARCHANA (Querist)

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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