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Refund application for re credit of ITC through PMT-03

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Vikasanand Gupta

110 Points Posted on 02 July 2021

The refund application RFD 01A filed in 2018-19, but some of the amount has been rejected by the department.
Against the said rejected. RFD 01B were issued by the department and due to technical glitches, PMT03 could Not be issued.

Now the taxpayer has applied RFD 01 in any other category, to re credit through pmt-03,which was due in 2018-19
However, the department has re credited the same in in 2021, But, review is of the opinion the the said refund is time bar.
Kindly eleborate, weather the said ITC amout re credit through PMT 03 is right, or otherwise.

Replies (2)

Quick Summary

This discussion examines whether a re-credit of Input Tax Credit (ITC) using Form PMT-03 is valid, even if applied for a refund filed in 2018-19 that was initially rejected. The core issue is whether the re-credit, processed in 2021, is time-barred. The consensus suggests that if the re-credit was processed via PMT-03 based on an undertaking from the taxpayer due to technical glitches preventing the original PMT-03 issuance, it could be considered valid. If not, an appeal might be possible with proof of the original undertaking.

CA Altamush Zafar

GST Consultant

10402 Points Posted on 02 July 2021

Re credit is right and valid.

Pankaj Rawat

GST Practitioner

29904 Points Posted on 02 July 2021

In term of Rule 86, R/w circular 125/44/2019 GST , The PMT 03 is an order being issue by Officer for Re-credit of Refund rejected & it is done only when officer on receipt of Undertaking from Tax Payer .

So it's correct & if you have any such undertaking proofing that the it was being given in 2018-19 but due to technical glitches the PMT 03 was not issued then Appeal can be file .