Quick Summary
The 56th meeting of the GST Council was held in New Delhi under the chairpersonship of the Union Finance Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council inter-alia made the recommendations relating to changes in GST tax rates, provide relief to individuals, common man, aspiratio
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FAQ :
The new system for provisional refunds on zero-rated supplies will be operationalised from 1st November 2025.
Eligible claimants will receive 90% of their refund claims on account of zero-rated supplies provisionally.
This reform is designed to benefit exporters and suppliers to Special Economic Zone (SEZ) developers and units.
Refunds will be sanctioned based on risk identification and evaluation by an automated system.
Yes, in cases of high risk, a proper officer may withhold provisional sanction and conduct detailed scrutiny, with reasons recorded in writing.
The key benefits include faster access to working capital for exporters and SEZ suppliers, a boost to the ease of doing business, and encouragement to exports through a streamlined process.
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