The CBIC has issued Notification No. 20/2022- Central Tax dated 28.09.2022, read with Corrigendum to said Notification dated 29.09.2022. The CBIC vide issuing the notification has rescinded the Notification No. 20/2018-Central Tax dated 28.03.2018,  w.e.f. 01.10.2022. 

The CBIC vide Notification No. 20/2018-Central Tax dated 28.03.2018 has extended the time period for filing the refund application under section 54(2) of the CGST Act, 2017, by the specified persons under section 55 of the CGST Act, 2017 for refund of tax paid by them on inward supplies of goods or services or both from six months to eighteen months from the last date of the quarter in which such supply was received.

However, the Section 54(2) has been amended by the Finance Act, 2022 dated 30.03.2022, brought into force w.e.f. 01.10.2022 vide Notification No. 18/2022-Central Tax dated 28.09.2022, to extend the time period for filing the refund application from six months to two years. Therefore, the Notification 20/2018-Central tax dated 28.03.2018, issued earlier is now been rescinded. 

The Notification can be accessed at https://taxo.online/wp-content/uploads/2022/07/20-2022-ct-eng.pdf