The CBIC publishes rules for GST post-audit and refund claims

16 Jun 2022 , 01:13 PM

The Central Board of Indirect Taxes and Customs (CBIC) has established a mechanism for the sanction, post-audit, and review of taxpayer refund applications.

The CBIC (formerly the Central Board of Excise and Customs) is a division of the Ministry of Finance’s Department of Revenue.

It is responsible for the formulation of policy relating to the levy and collection of Customs, Central Excise duties, Central Goods and Services Tax, and IGST, as well as the prevention of smuggling and administration of matters relating to Customs, Central Excise, Central Goods and Services Tax, IGST, and Narcotics to the extent that they fall under the purview of the CBIC.

Custom Houses, Central Excise and Central GST Commissionerates, and the Central Revenues Control Laboratory report to the Board, which is the administrative authority for its subordinate institutions.

This comes after CBIC received many allegations concerning different tactics used by field formations that were causing problems for taxpayers. Until further orders, the indirect tax authority emphasized that post-audits will be undertaken only for refund claims of Rs one lakh and more, according to the CBIC.

Officers must also file a comprehensive speaking order together with the refund sanction order in the GST form when giving refund orders. The incident was investigated with the dual goals of establishing uniformity in procedure and enabling efficient monitoring of refund claim sanction to protect revenue interests, according to the board.