CBIC released advisory on Implementation of PMT-03 to re-credit the ITC sanctioned as Refund

Last updated: 24 April 2021

In order to enable the operationalization of re-crediting of ITC sanctioned as refund towards tax wrongly paid or paid in excess by debiting the credit ledger, a new enhanced PMT-03 functionality has been developed and deployed in the system by the GST Portal. Read the official announcement below:

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