GST Refund

CBIC & PCRA, Mumbai: The ugly face of corrupt practices

Income Tax - At the very outset, I am very confident to say that Indian exporters can beat the international competition hollow but further compelled to say that the Indian bureaucracy is single handedly enough to pull down the Indian exporters & for that reason alone, the growth engine of exports & consequently the GDP suffers.  On the [&hel...

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GST Refunds to Exporters of Inverted Rated Goods

Income Tax - Exporters who claim Refund of IGST paid on Export of Inverted Rated Goods, are being denied Refund of accumulated ITC of Inverted Rated Goods. Article seeks to highlight the provisions of GST Act in case of Exporters who Export inverted rated goods...

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Credit on Capital goods not allowed when you claim ITC through RFD 01

Income Tax - Ideally we don’t understand this logic wherein law maker one case allow it if it is paid by way of IGST on export of goods however the same ITC on capital goods claim through RFD 01 then it is disallowed....

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Issues in Filing GST Refunds of Inverted Duty Structure

Income Tax - he application for filing refund has to be made in form GST RFD-01A along with which invoice wise details of inward and outward supplies have to be furnished electronically in Statement 1A. ...

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Ease of claiming GST refund: Procedural clarifications

Income Tax - Various clarifications has been issued in the refund procedures for claiming refund of ITC. This Article has tried to explain these clarifications in a brief along with the practical status of each clarification till date....

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CBIC disposes GST refunds to the tune of Rs 91,149 crores

Income Tax - Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far. Thus, the disposal rate of 93.77 per cent has been achieved....

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Advisory to UIN Entities claiming GST Refunds

Income Tax - FORM GSTR-11 under Rule 82 of the CGST Rules, 2017 mandates reporting “Place of Supply” for every invoice on which refund is applied for. Many UIN entities while filling invoice data have been reporting their place of supply as the State where they are registered instead of the place of supply as reflected in the invoice....

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No let-up in sanction of GST Refunds

Income Tax - There are concerns being raised about growing pendency of GST Refunds. Exporters are reassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been disposed by Central Board of Indirect [&hell...

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GST Refund on A/c of Assessment/Provisional Assessment/ Appeal/ any other Order enabled

Income Tax - Refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order enabled The taxpayers can now file online application to claim refund on account of Assessment/Provisional Assessment/ Appeal/ any other Order on GST Portal. (refer Section 54(1) of CGST Act 2017) Extract of Section 54 of CGST Act,2017 Section 54 – Refun...

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Govt extends rectification facility for Shipping Bills to correct IGST refunds

Income Tax - Central Board of Indirect taxes and Customs (CBIC) has recently introduced several provisions and alternative procedures through which various errors due to the anomalies or mismatch between the Shipping Bill and the data recorded while GST return filing procedure with respect to the FORM GSTR-1 can be rectified in the system....

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Rejection of GST refund without considering assessee’s reply violates principles of natural justice

M/s. Sri Gayathri Cashews Vs Assistant Commissioner of GST and Central Excise (Madras High Court) - Rejection of IGST refund without considering assessee's reply and also without affording an opportunity of personal hearing was in violation of the principles of natural justice. Therefore, matter was remanded back for reconsideration to decide the refund claim on merits within the stipulated period...

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Payment of Interest on delayed GST Refunds; HC directs to file representation to Adjudicating Authority

Apar Industries Limited Vs. UOI (Bombay High Court) - Apar Industries Limited Vs. UOI (Bombay High Court) Writ Petition was filed by the Petitioner being aggrieved by the non-payment of interest on the amount of Rs.5.52 crores of refund already granted as well as refund of balance amount along with interest. Petitioner had filed a refund of Rs.52.97 cr...

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Submit details of GST Refund Claimed/Processed/ Paid/ Pending: HC

Sales Tax Bar Association Vs Union Of India(Delhi High Court) - Delhi High Court has asked Central Government to file details of (i) GST Refund applications filed and claimed (ii) refund applications pending with amount claimed (iii) refunds which have been issued and (iv) refunds paid by the Central Government and the State Government and (v) steps taken to re...

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Delayed GST Refund attracts Interest: Gujarat HC issues notice to Centre, CBIC and GSTN

M/s. Saraf Natural Stone Vs Union Of India (Gujarat High Court) - While admitting a petition seeking interest / compensation for delay in both provisional as well as final refund of GST beyond stipulated period, the Gujarat High Court has issued notices to Centre, CBIC and GSTN....

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Gujarat HC stays retrospective amendment in case of inverted duty refunds

Shree Rama Newsprint Limited Vs. Union Of India (Gujarat High Court) - Shree Rama Newsprint Limited Vs. Union Of India (Gujarat High Court) Gujarat High Court on 18/09/2018 grants interim stay on the retrospective amendment in case of inverted duty refunds whereby refund on input services was denied by notification dated 13-06-2018 w.e.f. 01-07-2017. This is welcome ne...

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IGST Export Refunds: Resolution of Export General Manifest errors

Circular No. 01/2019-Customs - (02/01/2019) - CBIC Circular No. 01/2019-Customs deals with Errors related IGST Export Refunds and resolves issues in IGST Export Refunds  due to (i) Online filing of both local and Gateway EGM not being done on time by the concerned stakeholders. (ii) Mismatch in local and gateway EGM details wherever both are ...

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GST Refund- CBIC clarifies on 7 Issues

Circular No. 79/53/2018-GST - (31/12/2018) - CBIC Circular No. 79/53/2018-GST explains following GST Refund related issues- Physical submission of refund claims with jurisdictional proper officer, Calculation of refund amount for claims of refund of accumulated Input Tax Credit (ITC) on account of inverted duty structure, Refund applications t...

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Refund of IGST paid on exports of goods done from Non-EDI sites

Instruction No. 20/2018-Customs - (26/11/2018) - For the convenience of the field formations, the procedure for processing IGST refund claims for exports made from Non-EDI sites, is as under: (i) Firstly, the export data is to be captured using offline utilities and transmitted by the field formations to DG (Systems) by email....

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Clarification on certain issues related to GST refund in Maharashtra

Trade Circular No. 34T of 2018 - (15/11/2018) - Trade Cir. No. 34T of 2018 explains on Status of refund claim after issuance of deficiency memo and recredit of electronic credit ledger and Allowing exporters who have received capital goods under EPCG to claim refund of IGST paid on exports. Also Read-Processing of refund under the GST in Maharash...

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Processing of refund under the GST in Maharashtra

Trade Circular No. 33T of 2018 - (14/11/2018) - Trade Circular 33T of 2018 explains Submission of invoices for processing of claims of GST refund, System validations in calculating GST refund amount,  Re-credit of electronic credit ledger in case of rejection of GST refund claim, Disbursal of GST refund amount after sanctioning by the proper off...

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Recent Posts in "GST Refund"

Rejection of GST refund without considering assessee’s reply violates principles of natural justice

M/s. Sri Gayathri Cashews Vs Assistant Commissioner of GST and Central Excise (Madras High Court)

Rejection of IGST refund without considering assessee's reply and also without affording an opportunity of personal hearing was in violation of the principles of natural justice. Therefore, matter was remanded back for reconsideration to decide the refund claim on merits within the stipulated period....

Read More

CBIC & PCRA, Mumbai: The ugly face of corrupt practices

At the very outset, I am very confident to say that Indian exporters can beat the international competition hollow but further compelled to say that the Indian bureaucracy is single handedly enough to pull down the Indian exporters & for that reason alone, the growth engine of exports & consequently the GDP suffers.  On the [&hel...

Read More

IGST Export Refunds: Resolution of Export General Manifest errors

Circular No. 01/2019-Customs (02/01/2019)

CBIC Circular No. 01/2019-Customs deals with Errors related IGST Export Refunds and resolves issues in IGST Export Refunds  due to (i) Online filing of both local and Gateway EGM not being done on time by the concerned stakeholders. (ii) Mismatch in local and gateway EGM details wherever both are filed online. and (iii) Non-filing of st...

Read More

GST Refund- CBIC clarifies on 7 Issues

Circular No. 79/53/2018-GST (31/12/2018)

CBIC Circular No. 79/53/2018-GST explains following GST Refund related issues- Physical submission of refund claims with jurisdictional proper officer, Calculation of refund amount for claims of refund of accumulated Input Tax Credit (ITC) on account of inverted duty structure, Refund applications that have been generated on the portal bu...

Read More

GST Refunds to Exporters of Inverted Rated Goods

Exporters who claim Refund of IGST paid on Export of Inverted Rated Goods, are being denied Refund of accumulated ITC of Inverted Rated Goods. Article seeks to highlight the provisions of GST Act in case of Exporters who Export inverted rated goods...

Read More

Credit on Capital goods not allowed when you claim ITC through RFD 01

Ideally we don’t understand this logic wherein law maker one case allow it if it is paid by way of IGST on export of goods however the same ITC on capital goods claim through RFD 01 then it is disallowed....

Read More

Issues in Filing GST Refunds of Inverted Duty Structure

he application for filing refund has to be made in form GST RFD-01A along with which invoice wise details of inward and outward supplies have to be furnished electronically in Statement 1A. ...

Read More

Ease of claiming GST refund: Procedural clarifications

Various clarifications has been issued in the refund procedures for claiming refund of ITC. This Article has tried to explain these clarifications in a brief along with the practical status of each clarification till date....

Read More

CBIC disposes GST refunds to the tune of Rs 91,149 crores

Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far. Thus, the disposal rate of 93.77 per cent has been achieved....

Read More

Refund of IGST paid on exports of goods done from Non-EDI sites

Instruction No. 20/2018-Customs (26/11/2018)

For the convenience of the field formations, the procedure for processing IGST refund claims for exports made from Non-EDI sites, is as under: (i) Firstly, the export data is to be captured using offline utilities and transmitted by the field formations to DG (Systems) by email....

Read More

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