Central Board of Indirect Taxes and Customs (CBIC) issued Corrigendum on 25.10.2024 to Circular no. 237/31/2024-GST dated 15.10.2024
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In the said circular (circular no. 237), following shall be inserted at the end of para 4:
“However, it is clarified that said restriction on refund under section 150 of the Finance (No. 2) Act, 2024 will not apply to the refund of an amount paid as pre-deposit by the taxpayer as per sub-section (6) of section 107 or sub-section (8) of section 112 of the CGST Act, at the time of filing of an appeal, where such appeals are decided in favor of the said taxpayer.”
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