Refund on Account of Supplies made to SEZ Unit/ SEZ Developer (Without Payment of Tax)

1. What are the preconditions for filing a refund application on account of supplies made to SEZ unit / SEZ developer (without payment of tax)?

The following conditions must be met for being eligible to file the form RFD-01A to claim refund on account of supplies made to SEZ unit / SEZ developer (without payment of tax):

  1. The Taxpayer is registered with GST Portal and holds an active GSTIN during the period for which refund is being applied for.
  2. GSTR-3B must have been filed for the relevant tax period.

2. Which amounts are eligible for refund on account of supplies made to SEZ unit / SEZ developer (without payment of tax)?

Refund application on account of supplies made to SEZ unit / SEZ developer (without payment of tax) can be filed for the amount that is lowest of the following:

  1. ITC Ledger balance as on date (Matched ITC)
  2. ITC availed for the selected tax period
  3. Formula value of refund amount, calculated as “(((Turnover of Zero Rated Supply of Goods and Services) x (Net Input Tax Credit)) ÷ Adjusted Total Turnover)

For more details, please refer the User Manual that provides step-by-step instructions on filling-out form RFD-01A and filing the refund application for claim on account of supplies made to SEZ unit / SEZ developer (without payment of tax).

3. Can I file multiple refund applications during a single tax period?

Only one Refund application (form RFD-01A) can be filed for each Refund type in a given tax period. For example, a Taxpayer may choose to file the refund on account of supplies made to SEZ unit / SEZ developer (without payment of tax), as well as on account of being a recipient of deemed exports for the single tax period. However, the Taxpayer cannot file two refund applications for supplies made to SEZ unit / SEZ developer (without payment of tax) during a single tax period.

4. When / how will the refund form RFD-01A be processed?

Once the ARN is generated on submission of form RFD-01A, the Taxpayer needs to take print of the filed application and the Refund ARN Receipt generated at the portal, and submit the same along with supporting documents to the jurisdictional authority manually. The application will also be processed and refund will be disbursed manually.

More Under Goods and Services Tax

Posted Under

Category : Goods and Services Tax (5848)
Type : Articles (15720)
Tags : FAQs (383) goods and services tax (4366) GST (3960) GST FAQs (181) SEZ (138)

Leave a Reply

Your email address will not be published. Required fields are marked *