Grant of provisional refund in case of exports :
The provisional refund under section 54(6) shall be granted subject to the following conditions —
(a) the person claiming refund has, during any period of five years immediately preceding the tax period to which the claim for refund relates, not been prosecuted for any offence under the Act or under an existing law where the amount of tax evaded exceeds two hundred and fifty lakh rupees;
(b) the GST compliance rating, where available, of the applicant is not less than five on a scale of ten;
(c) no proceedings of any appeal, review or revision is pending on any of the issues which form the basis of the refund and if pending, the same has not been stayed by the appropriate authority or court – Rule 3(1) of Refund Rules.
Procedure for granting provisional refund – The proper officer, after scrutiny of the claim and the evidence submitted in support thereof and on being prima facie satisfied that the amount claimed as refund under rule 3(1) is due to the applicant in accordance with the provisions of section 54(6), shall make an order in form GST RFD-04, sanctioning the amount of refund due to the said applicant on a provisional basis within a period not exceeding seven days from the date of acknowledgement under rule 2(1) or rule 2(2) of Refund Rules – Rule 3(2) of Refund Rules.
The proper officer shall issue a payment advice in form GST RFD-05for the amount sanctioned under rule 3(2) and the same shall be electronically credited to any of the bank accounts of the applicant mentioned in his registration particulars and as specified in the application for refund – Rule 3(3) of Refund Rules.