The Tax Publishers

GST--Zero Rated Supply

GST Refund under Zero-Rated Supply : Part-2

CA. L. Venkataramanan

In this write-up the learned author discusses the subject-matter of GST refund under Zero-rated supply which is in sequel to the procedural aspects already discussed earlier in the first part. Factually, he has very aptly included all information, supported by reference being made to relevant rules/circulars which are relevant for the purpose of getting GST refund.

11. Form GST RFD-01 (Application for Refund)-Rule 89(1)

Following points are necessary when filing the above form electronically:

(a) Refund of excess amount available in electronic cash ledger can also be claimed through return or by filing application. (Generally TDS amount deducted lying in the electronic cash ledger)

(b) Debit entry shall be made in electronic credit ledger or cash ledger at the time of filing the application. When the refund is rejected again the same is credited to the electronic credit ledger or cash ledger (Form No. GST PMT-03-see: rules 86(4) and 87(11)).

(c) Acknowledgement in Form GST RFD-02 will be issued if the application is found complete in all respects (Otherwise, Deficiency Memo will be issued which we discussed in later)

(d) Claim of refund of export of goods with payment of IGST shall not be processed through this application (It is handled by the Customs Department which we have discussed in the first part of article See:-Ref. 4(b)

(e) Bank account details should be as per registration data. Any change in bank details shall first be amended in registration particulars before quoting in the application. Otherwise, validation problem arise in the treasury system (PFMS) and refund amount sanctioned may not be credited to the bank account.

(f) Declaration as mentioned in the next point shall be filed in cases, wherever required.

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