CBIC issues guidelines for post audit and refund claims under GST

The Central Board of Indirect Taxes & Customs (CBIC) has put out a procedure relating to sanction, post-audit and review of refund claims for taxpayers. This is following several reports CBIC received about different practices being followed by the field formations, creating issues for taxpayers. The indirect tax body clarified that post-audit to be conducted only for refund claims amounting t…