New functionalities for refunds

New functionalities for refunds, which was made available on GST Portal, recently

The government has issued and applied the new functionalities for refunds, which was made available on GST portal, recently. Let us discuss those new functionalities for refunds:

(i) Taxpayers can now file Application for the refund, in the following cases, on GST portal :

A. Facility to claim Refund on account of excess payment of tax (if any) (refer Section 54(1) of CGST Act 2017)

B. Facility to claim Refund on account of any other reason (refer Section 54(1) of CGST Act 2017)

C.Facility to claim the refund on account of assessment/provisional assessment/appeal/ any other order (refer Section 54(1) of CGST Act 2017) 4. Facility to claim Refund on account of export of services with payment of tax, with the upload of statement 2 (refer Section 54(1) of CGST Act 2017 & Rule 89 (2) ( c) of the CGST Rules, 2017)

(ii) Other Changes in Refund:

1. Taxpayers filing refund application on account of supplies made to SEZ unit/ SEZ Developer, with payment of tax has now been provided with the facility to apply for the refund with the upload of statement 4 (refer Section 54(3) of CGST Act 2017)

2. Facility to claim Refund on account of Excess Balance in Electronic Cash Ledger in Form RFD- 01A has been enhanced. The balance available in the Electronic Cash Ledger will now be auto-populated in the table of form RFD- 01A, for the taxpayer to claim the refund. But the figures will be editable i.e. the amount to be claimed as the refund can be reduced, but it cannot be enhanced.

3. The following changes in the validations in statement -3 has been done, while applying for Form RFD 01A, for refund of ITC accumulated due to Exports of goods/services- Without payment of Tax : o The date of FIRC/ BRC for export of services in the statement 3 to be uploaded can be before the date of invoice. o One invoice can be associated with several FIRC/BRC in statement 3 to be uploaded with the refund application.

4. Link for relevant User Manual and FAQ are given below for reference: https://www.gst.gov.in/help/refund

CA Vashisht Amresh
Meerut
For updates 9837515432