This circular provides a corrigendum to Circular No. 237/31/2024-GST dated 15th October 2024, which clarified the implementation of sub-sections (5) and (6) of Section 16 of the CGST Act concerning retrospective extension of ITC timelines.

It clarifies that the restriction on refund under Section 150 of the Finance (No. 2) Act, 2024, which prohibits refund of tax paid or ITC reversed due to retrospective amendments, shall not apply to amounts paid as pre-deposit under Section 107(6) or Section 112(8) of the CGST Act. Accordingly, where appeals are decided in favor of taxpayers, refund of pre-deposits made at the time of filing appeals will be admissible.