Form GST PMT-03A allows the proper officer to re-credit the amount in the taxpayer’s electronic credit ledger.
What is PMT-03A?
In the GST Circular No. 174/06/2022-GST dated July 06, 2022, the Central Board of Indirect Taxes and Customs (CBIC) specified the form GST PMT-03A to be used for the recredit of electronic credit ledgers.
There were difficulties in taking re-credit of the GST refund amount in the electronic credit ledger when the taxpayer either paid the refund back on their own or it was directed to do so by the tax officer. As a result of difficulties in re-crediting the electronic credit ledgers, GSTN has issued FORM PMT-03A on 05.07.2022 . This is for situations where excess or erroneous refunds had been paid back by the taxpayer themselves or following the tax officer’s directive.
Who can generate PMT-03A?
Any taxpayer who wants to take re-credit of the amount in the electronic credit ledger in cases where any excess or erroneous refund sanctioned to them had been paid back by him either on his own or on being pointed by the tax officer has to file this form.
Form PMT-03A Format
- PMT-03A is an annexure to the existing form PMT 03. The form is divided into four simple sections as below –
- Section one of this form contains the reason for which the taxpayer want to get the amount to be re-credited in ECL
- Section two gives the details of the excess amount that is paid by the taxpayer.
- Section three is the total amount the taxpayer wants to get re-credited, and
- Section four is the self-declaration of the taxpayer stating that the information provided above is true and fair.
When is the amount re-credited?
As per section 50 of CGST Act, once the officer is satisfied that the amount which the registered person is asking for refund is actually paid by him/her via DRC-03. He can go ahead and release the refund. This payment can be only the liability or it can be liability cum interest and/or penalty.
The taxpayer can apply for refund through PMT-03A within 30 days of receipt of request for re-credit of erroneous refund amount or 30 days from the date of payment of liability, whichever is later.
What categories are covered under FORM PMT-03A?
If any refund is sanctioned erroneously for the following categories, re-credit of amount in the electronic credit ledger can be done through FORM GST PMT-03A, on deposit of such erroneous refund along with interest and penalty, wherever applicable, by the taxpayer:
a. Refund of IGST obtained in contravention of sub-rule (10) of rule 96.
b. Refund of unutilised ITC on account of export of goods/services without payment of tax.
c. Refund of unutilised ITC on account of zero-rated supply of goods/services to SEZ developer/Unit without payment of tax
d. Refund of unutilised tax credit due to inverted tax structure