Refund will be transferred to the bank account which is linked with the PAN no. on which registration has been obtained under GST.
Notification no. 35/2021-CT, dated 24.09.2021 has inserted Rule 96 C in CGST Rules 2017, which lays down that the Bank account details which has been mentioned in Rule 91(3), Rule 92(4) and Rule 94, which is linked with PAN No. of the Applicant of Refund, shall be credited with the refund amount.
Type of Refund in which amount shall be credited to the bank account
|
S.no. |
Rule |
Refund type |
condition |
|
1 |
91(3) |
Grant of Provisional refund |
Refund order, passed by the officer by payment order in Form GST RFD-05, will be credited to the bank account linked with PAN no. mentioned at the time of registration and specified in the application for refund. |
|
2 |
92(4) |
Final refund order as per Section 54 |
|
|
3 |
94 |
Interest on delayed refund |
For proprietorship concern PAN No. of the proprietor shall also be linked with Adhaar no. of Proprietor to avail the credit of Refund.
