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When Can GST Refunds Be Withheld? The Real Scope of Section 54(11)
Timely refunds are crucial for businesses’ working capital under GST. While Section 54 of the CGST Act lays down the refund process, Section 54(11) permits withholding refunds-but only under very specific, exceptional conditions. Unfortunately, this power is often misunderstood as a routine tool for delay. But Section 54(11) is not meant to operate by default-it is a guardrail, to be used only when two specific conditions are satisfied..................... Read More