Sales Tax Rules, 2006

CHAPTER-V

REFUND

Sales Tax Rules, 2006 CHAPTER-V REFUND From: 2025-01-01 - To: 0000-00-00 1[39A. ***] ____________________________________________ 1-Rule (39A) omitted by Notification No. S.R.O. 918(I)/2019, dated August 7, 2019. Before omission read as: 39A. Processing of refund claims in LTUs.-- (1) The refund claimant registered in a Large Taxpayer Unit, desirous of availing facility under this rule, shall file a refund application to the Collector of Sales Tax having jurisdiction along with the following documents, namely:- (a) an undertaking affirming the accuracy and genuineness of refund; and (b) a revolving bank guarantee valid for at least one hundred and twenty days issued by a scheduled bank, to the satisfaction of Collector of Sales Tax (Large Taxpayers Unit), of an amount not less than amount of refund claimed. (2) The refund claim shall be processed as follows:-- (a) where the claimant has filed documents under sub-rule (1), the Collector shall process and allow fifty percent of the refund of input tax within five working days of receipt thereof; (b) within fifteen days after the sanctioning of the claim as at (a) the claimant shall file a complete refund claim along with the supportive documents and soft copy on the prescribed format, which shall be scrutinized in the Large Taxpayer Unit, and objections, if any, related to the refund…