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E-Invoicing and QR Code for B2C Invoices under GST

Category : | Author : MasterGST
What is e-invoice? An electronic invoice (e-invoice) contains data from the supplier in a structured format that the buyer’s financial system can automatically recognize, without requiring manual data input from the administrator. A digital invoice is an invoice that can be viewed and processed digitally. Under Goods and Services Tax (GST), companies with a turnover … "E-Invoicing and QR Code for B2C Invoices under GST"
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Procedure for claiming the refund amount in cases where the original claim of refund was rejected (in part/full) in RFD-06 but subsequently received the favourable order in appeal or any other forum

Category : | Author : MasterGST
Background: In case appeals against the rejection of refund application, the credit amount is not being re-credited to the credit ledger, until the appeal is finally rejected. And  Currently the process of appeal is manual. Procedure: The regd. person shall file a new refund application for the same period under “Refund on account of assessment/provisional … "Procedure for claiming the refund amount in cases where...
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Persons who had inadvertently filed the “NIL” Refund application (RFD 01/01A) under any category, can file a new refund application for the same period. Subject to the conditions and procedure prescribed.

Category : | Author : MasterGST
Conditions: If the claim is for refund of the accumulated input tax credit on account of : a. Exports without payment of tax b. Supplies to SEZ Unit/SEZ Developer without payment of tax c. Accumulation due to Inverted tax structure and the supplier has not filed any refund application for the future period under the … "Persons who had inadvertently filed the “NIL” Refund application...
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The Central govt. shall disburse the consolidated refund amount (CGST+SGST+IGST) – Rule 91(4).

Category : | Author : MasterGST
As per the existing procedure, the proper officer shall finalize the refund claime and issue payment advice, later the disbursement of the CGST/SGST/IGST shall be done by the respective officers. Considering the delay in disbursement of refunds by state governments, new Sub-rule 4 has been inserted in Rule 91, to provide that all the components … "The Central govt. shall disburse the consolidated refund amount...

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