Provisional Refund of ITC cant be Granted to Zero Rated Supplier if Returns for 3 consecutive periods not filed: Jharkhand Govt [Read Notification]

The Jharkhand Government has notified that a zero rated supplier cannot be granted with provisional refund of input tax credit if he does not file returns for three consecutive tax periods immediately preceding the date of application for refund.

The notification issued on 26^th August, clarified that the following persons cannot claim input tax credit on account of zero-rated supply of goods or services or both on provisional basis, namely,

1. any registered person who has been granted registration under the said Act or under the existing law within a period of six months from the date of application for refund; or
2. any registered person who has not furnished the returns for three consecutive tax periods immediately preceding the date of application for refund.

Read the full text of the Notification below.