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Input tax credit refund, Goods and Services Tax - GST

Issue Id: - 112974
Dated: 27-10-2017
By:- Govinda Raju
Input tax credit refund

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Dear Sirs,

My first question is GST council announced during its recent meeting that Supplies to EOU are at zero rate until March 31st 2018. This has been reiterated through Notifications 47,48,49. However, suppliers are not worried of theirs refund of the same and they feel they will charge but we should not account and they can claim the same at their end. This is confusing.

My second question is on refund of Input tax of July, August and September. As per RFD-01 it suggests that we need to debit Electronic cash ledger and file for refund. However, GST1, 2 is yet to be allowed to file for August and September. Wouldn't they refund based on physical filing? If no why they have given dates for refund? Also, is there any announcement of Administrative wing for refunds in Karnataka Bangalore? please let me know.



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1 Dated: 31-10-2017

In my view, refund is possible after filing return GSTR 3 which has not yet been materialized for July 2017.


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