0

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...
0

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...
0

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...
0

Procedure for Invoicing & Declaration of turnover during the period of suspension of registration has been amended– Rule 21A

Category : | Author : MasterGST
The Rule 21A talks about the suspension of the registration. The sub rule 3 specifies, in case of suspension, the supplier should not make any taxable supplies. Which is leading to interpretation of holding up the activities till the date of revocation. Hence, an explanation has been inserted for Rule 21(3) to clarify that the … "Procedure for Invoicing & Declaration of turnover during the...

Contact Us for MasterGST GST Software Demo