GST Refund

Recent Updates In GST till 12.06.2019

Goods and Services Tax - nput tax credit on inward supplies received in 2017-2018 but availed in April, 2018 to March, 2019shall be declared in Table 8C of FORM GSTR-9. > Transactions relating to financial year 2017-18 but declared in returns from  April, 2018 to March, 2019 shall be declared in Part V of FORM GSTR-9....

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Difference between Export of Services on payment of IGST & without payment of IGST

Goods and Services Tax - The difference between Export of Services on payment of integrated tax (and claiming refund of the same) and without payment of integrated tax (i.e. claiming refund of input tax credit) is tabulated as follows:    Particular Export with payment of Tax Export without payment of Tax 1 Procedure required to be undertaken by the company [&h...

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Automated GST Refund for Exporters & Suppliers to SEZ likely from June 2019

Goods and Services Tax - Currently exporters are allowed automated refund in cases where the IGST is paid upfront (i.e. Exports made with payment of duty). Refund application is to be made by the exporters who claim refund of ITC as well as for the suppliers to SEZ. If Ministry sources are to be believed, Exporters of goods and services […]...

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FAQs on IGST Refunds on Goods Exported out of India

Goods and Services Tax - What is Zero Rated Supply under GST? Under GST, exports and supplies to SEZ are zero rated as per Section 16 of the IGST Act, 2017. By zero rating, it is meant that the entire supply chain of a particular supply is tax free, i.e., there is no burden of tax either on the input […]...

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Refund on Account of Export of Goods & Services (With Payment of Tax)

Goods and Services Tax - FAQs on Refund on Account of Export of Goods (With Payment of Tax) 1. Am I eligible to receive the refund of IGST and Cess paid on export of goods if I have filed GSTR-3B? Yes, you are eligible for Refund of Integrated Tax and Cess on account of Export of goods (with payment of […]...

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Refund- Enhancement on GST Portal

Goods and Services Tax - Refund |Enhancements on GST Portal |March 2019 While filing refund application of ITC accumulated due to Inverted Tax Structure, taxpayer can now enter his own GSTIN in the inward supply detail statement on the GST Portal...

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

Goods and Services 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

Goods and Services 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

Goods and Services 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

Goods and Services 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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Delhi HC questions delay in issue of GST refund & validity of Refund Approval Committee

GSI Products Vs. Union Of India & Ors. (Delhi High Court) - Mr Satyakam informs the Court that Mr Rajesh Prasad has undertaken a complete review of the procedure and in view of what has transpired in the Court, he undertakes to disband the RAC. He proposes to issue appropriate notification to authorize a proper officer in respect of the refunds above the cer...

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IGST Refund cannot be denied on account of Technical Glitches

Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court) - Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court) Facts Refund of Integrated Tax (IGST) paid on the goods exported out of India. Since the respondents did not refund the IGST amount, the Writ Petition was filed. According to the petitioner, they have claimed lower rate drawback as ...

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Rejection of refund for Re-organization of Department after GST unjustified

M/s. Inspirage Software Consulting Pvt. Ltd. Vs The Commissioner GST & CCE (CESTAT Chennai) - The adjudicating authority has rejected the appellant’s claim of it having made the refund claim on 27.06.2017. The first appellate authority has also concluded the date of filing of the refund claim was 12.07.2017 only as against which the appellant contends that there was an attempt to file the ...

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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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CBIC clarification on GST Refund and Reversal of Input Tax Credit

Circular No. 94/13/2019-GST - (28/03/2019) - It is hereby clarified that all those registered persons required to make the reversal in terms of the said notification and who have not yet done so, may reverse the said amount through FORM GST DRC-03 instead of through FORM GSTR-3B....

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IGST Export Refunds-resolution of errors-reg

Public Notice No. 11/2019-JNPT - (05/02/2019) - The processing of IGST refund claims on exports is fully automated. Majority of refunds claims are getting processed and sanctioned within five days of filing of GSTR-1 and GSTR-3B returns. ...

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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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Processing of final GST refund -Revised instructions for Audit initiation

Internal Circular No. 35A of 2018 - (01/12/2018) - In case the Nodal Officer decides to undertake the Audit, then he/she shall issue a notice in FORM-GST-ADT-01. Depending upon the record to be verified he/she may decide whether the Audit is to be carried out at the business premises of the tax payer or at the office concerned. The place at which th...

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Recent Posts in "GST Refund"

Recent Updates In GST till 12.06.2019

nput tax credit on inward supplies received in 2017-2018 but availed in April, 2018 to March, 2019shall be declared in Table 8C of FORM GSTR-9. > Transactions relating to financial year 2017-18 but declared in returns from  April, 2018 to March, 2019 shall be declared in Part V of FORM GSTR-9....

Read More

Delhi HC questions delay in issue of GST refund & validity of Refund Approval Committee

GSI Products Vs. Union Of India & Ors. (Delhi High Court)

Mr Satyakam informs the Court that Mr Rajesh Prasad has undertaken a complete review of the procedure and in view of what has transpired in the Court, he undertakes to disband the RAC. He proposes to issue appropriate notification to authorize a proper officer in respect of the refunds above the certain value strictly in accordance with t...

Read More

Difference between Export of Services on payment of IGST & without payment of IGST

The difference between Export of Services on payment of integrated tax (and claiming refund of the same) and without payment of integrated tax (i.e. claiming refund of input tax credit) is tabulated as follows:    Particular Export with payment of Tax Export without payment of Tax 1 Procedure required to be undertaken by the company [&h...

Read More

Automated GST Refund for Exporters & Suppliers to SEZ likely from June 2019

Currently exporters are allowed automated refund in cases where the IGST is paid upfront (i.e. Exports made with payment of duty). Refund application is to be made by the exporters who claim refund of ITC as well as for the suppliers to SEZ. If Ministry sources are to be believed, Exporters of goods and services […]...

Read More

IGST Refund cannot be denied on account of Technical Glitches

Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court)

Vsg Exports Pvt Ltd Vs. Commissioner of Customs (Madras High Court) Facts Refund of Integrated Tax (IGST) paid on the goods exported out of India. Since the respondents did not refund the IGST amount, the Writ Petition was filed. According to the petitioner, they have claimed lower rate drawback as per Notification 131/2016(NT) , dated [&...

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FAQs on IGST Refunds on Goods Exported out of India

What is Zero Rated Supply under GST? Under GST, exports and supplies to SEZ are zero rated as per Section 16 of the IGST Act, 2017. By zero rating, it is meant that the entire supply chain of a particular supply is tax free, i.e., there is no burden of tax either on the input […]...

Read More

Refund on Account of Export of Goods & Services (With Payment of Tax)

FAQs on Refund on Account of Export of Goods (With Payment of Tax) 1. Am I eligible to receive the refund of IGST and Cess paid on export of goods if I have filed GSTR-3B? Yes, you are eligible for Refund of Integrated Tax and Cess on account of Export of goods (with payment of […]...

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Refund of excess credit balance lying in Electronic Credit Ledger

Whether excess credit balance lying in Electronic Credit Ledger (ECL) can be claimed as refund under GST ? Electronic Credit ledger (ECL) is a ledger under GST in which all the ITC (Input tax Credit) claimed by the dealer through filing of GSTR3B return gets accumulated and utilized based on the output tax liability. Many […]...

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Refund under GST- Refund under GST- Situations, Documents Required and Filing

As per Section 54(3) of the Central Goods and Services Act, a registered person can claim refund of unutilized ITC under following situations: -...

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CBIC clarification on GST Refund and Reversal of Input Tax Credit

Circular No. 94/13/2019-GST (28/03/2019)

It is hereby clarified that all those registered persons required to make the reversal in terms of the said notification and who have not yet done so, may reverse the said amount through FORM GST DRC-03 instead of through FORM GSTR-3B....

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