9911796707
TMI BlogGST Refund ScenarioX X X X Extracts X X X X X X X X Extracts X X X X ..... GST Refund Scenario X X X X Extracts X X X X X X X X Extracts X X X X ..... n providing the refund to the exporters/manufacturers/dealers Now due to the non-availability of the refund module on the common portal, it has been decided by the competent authority, on the recommendations of the Council, that the applications/documents/forms pertaining to refund claims on account of zero-rated supplies shall be filed and processed manually till further orders. Let's understan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d the refund scenario under GST in brief:- Brief Scenario: Sr. No. Types of Refund Forms Electronically/ Manually 1. Refund of IGST Paid on Export of Goods Shipping Bill + Form GSTR-3 + Form GSTR-3B Electronically 2. Exports of Goods / Services without payment of tax (accumulated ITC) Form GST RFD-01A Electronically 3. Exports of Services with payment of tax Form GST RFD-01A Man ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ually Supplies made to SEZ Unit/ SEZ Developer with payment of tax without payment of tax (accumulated ITC) Excess balance in Electronic Cash Ledger ITC accumulated due to inverted tax structure [under clause (ii) of first proviso to section 54(3)] Recipient of deemed export Scenario:-1 Refund of IGST Paid on Export of Goods STEPS: * The shipping bill filed by an exporter shall be de ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... emed to be an application for refund in such cases * The application shall be deemed to have been filed only when export manifest or export report is filed and the applicant has furnished a valid return in FORM GSTR-3 or FORM GSTR-3B. * The system designated by the Customs shall process the claim for refund and an amount equal to the integrated tax paid in respect of such export shall be e ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... lectronically credited to the bank account of the applicant. * Any order regarding withholding of such refund or its further sanction respectively in PART-B of FORM GST RFD-07 or FORM GST RFD-06 shall be done manually till the refund module is operational on the common portal. Scenario:-2 Exports of Goods / Services without payment of tax (accumulated ITC) STEPS: * FORM GST RFD-01A nee ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ds to be filed electronically on the common portal. * The printout of the ARN along with application of refund shall be submitted manually before the jurisdictional GST officer. (Rule 89(1) - Application) * The amount of credit claimed as refund would be debited in the electronic credit ledger and proof of debit needs to be generated on the common portal. ( Rule 89(3) - Debiting of electro ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nic credit ledger) * This form needs to be accompanied with the requisite documentary evidences, wherever applicable (Rule 89(2) - Requisite Documents) Scenario:-3 * Exports of Services with payment of tax * Supplies made to SEZ Unit/ SEZ Developer with payment of tax * Supplies made to SEZ Unit/ SEZ Developer without payment of tax (accumulated ITC) * Excess balance in Elect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ronic Cash Ledger * ITC accumulated due to inverted tax structure * Recipient of deemed export STEPS: * Printout of FORM GST RFD- 01A needs to be filed manually before the jurisdictional GST officer * This form needs to be accompanied with the requisite documentary evidences, wherever applicable (Rule 89(2) - Requisite Documents) NOTE:- * The refund application for various taxes i. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e. CT / ST / UT / IT/ Cess can be filed with any one of the tax authorities * The payment of the sanctioned refund amount in relation to CT / IT / Cess shall be made by the Central tax authority while payment of the sanctioned refund amount in relation to ST / UT would be made by the State tax/Union territory tax authority. Reply By Ganeshan Kalyani as = Nice compilation. Dated: 21-11-2017 X X X X Extracts X X X X X X X X Extracts X X X X ..... r> Scholarly articles for knowledge sharing by authors, experts, professionals ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
