As at 10 November 2026, under Section 54(14) of the CGST Act, below what amount is a GST refund generally not paid, assuming the exception for exports of goods with payment of tax does not apply?
Question and options
As at 10 November 2026, under Section 54(14) of the CGST Act, below what amount is a GST refund generally not paid, assuming the exception for exports of goods with payment of tax does not apply?
₹ 10,000
₹ 1,000
₹ 7,000
₹ 5,000
Answer and explanation
Correct answer: B - ₹ 1,000
Section 54(14) of the CGST Act, 2017 bars payment of a refund of less than ₹1,000. From 1 November 2026, the Finance Act, 2026 takes refunds on goods exported with payment of tax out of this limit, but every other refund remains subject to it.
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