Refund:

Refund:

 Time limit for refund of tax or interest is two years 

 Refund of accumulated ITC allowed in case of exports or where the credit accumulation is on account of inverted duty structure

  Refund to be granted within 60 days from the date of receipt of complete application  Interest is payable if refund is not sanctioned within 60 days 

  Refund claim along with documentary evidence to be filed online without any physical interface with tax authorities

  Immediate provisional sanction of 90% of refund claim on account of zero-rated supplies 

 Tax refund will be directly credited to the bank account of applicant