The GSTN has enabled a new facility for UIN holders for the creation of Electronic Cash Ledger and Liability Register for UIN holders.
• UIN holders can claim a refund under section 55 of the CGST Act, 2017. The facility of Cash Ledger and Liability Register was not provided to UIN holders earlier, as they were only claiming refunds.
• As there is no check on invoices reported in Form GSTR-11, for claiming a refund, it was possible for the UIN holders to claim an excess refund in Form GST RFD-10, inadvertently.
• In such a scenario, there was no mechanism in place for the UIN holder to deposit the excess refund claimed voluntarily or for the Tax Officer to create a demand against them.