The Finance Department of Karnataka recently has issued the Karnataka Goods and Services Tax (Fifth Amendment) Rules, 2021 to further amend the Karnataka Goods and Services Tax Act, 2017.
Rule 90 (3), a new proviso has been inserted, which specifies the filing of refund claim, namely:
“Provided that, the time period, from the date of filing of the refund claim in FORM GST RFD-01 till the date of communication of the deficiencies in FORM GST RFD-03 by the proper officer, shall be excluded from the period of two years as specified under sub-section (1) of section 54, in respect of any such fresh refund claim filed by the applicant after rectification of the deficiencies.”
Rule 90 (6), which specifies the submission of application for withdrawal of refund, has been inserted, namely:
“On submission of application for withdrawal of refund in FORM GST RFD-01W, any amount debited by the applicant from electronic credit ledger or electronic cash ledger, as the case may be, while filing application for refund in FORM GST RFD-01, shall be credited back to the ledger from which such debit was made.”
Form GST RFD-07, which specifies the order for withholding the refund, has been substituted.