CBIC rationalises GST refund provisions, allows taxpayers to withdraw application SECTIONS Last Updated: May 19, 2021, 05:39 PM IST Share Synopsis "CBIC has put rest to this controversy, by amending the rule, and providing that the time period from the date of filing of original refund application till the time the deficiency letter is issued, will be excluded for determining the two-year period," Bagri said. Also, the amendments in refund rules have resolved the biggest dispute regarding time limit of fresh filing of refund application after receipt of deficiency notice. The Central Board of Indirect Taxes and Customs (CBIC) has rationalised GST refund provisions, including giving option to taxpayers to withdraw application. It has amended Goods and Services Tax (GST) rules and has excluded the time period from date of filing of refund application to date of issuance of deficiency memo by the officer from the overall time limit to file refund application.