Refund Denied but Credit Restored: Bombay HC Directs Re-credit via GST PMT-03

IDZ Digital Private Limited Vs Union of India And Ors. (Bombay High Court)

The petitioner is an exporter. It claimed refund of accumulated Input Tax Credit (ITC) under section 54 of the GST Act. At the time of filing such claim; it debited the said amount. The claim was rejected. It applied for issuance of Form PMT-03 which would re-credit the debited amount. However; the same was not issued; despite repeated reminders. Hence, writ petition was filed.

The Hon’ble Bombay High Court allowed the writ petition. It held that once the refund claim is rejected; Rule 89 provided f

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