Register in portal. Now, claim refunds on cancelled flat booking, insurance policy
An unregistered buyer (mostly individual customer) will need to get temporary registration on the GST portal to get the tax refund in case of cancellation of flat booking or insurance policy and exhaustion of time period of issuance of credit note by the concerned supplier, the Central Board of Indirect Taxes & Custom (CBIC) said in a circular.
The move follows recommendations by the GST council. The unregistered buyer will have to obtain the registration using her/his PAN, following which she/he shall select the same State/UT as her/his supplier — in respect of whose invoice refund is to be claimed — is registered. The buyer is also required to enter bank account details in which she/he seeks to obtain the refund.
