Ch 3 · GST — Registration, Returns & Refunds

🧮 Formula sheet

1. 1.Refund time-bar: 2 years from relevant date (Sec 54)
2. 2.Inverted Duty Refund = ITC on inputs × (Turnover of inverted supply / Total turnover) − Output tax
3. 3.Provisional refund 90% within 7 days for zero-rated