Wednesday 20 November 2019

GST Master Refund Circular issued


  • Fully electronic refund process through FORM GST RFD-01 and single disbursement- super ceding earlier refund circulars
    • Filing of refund applications in FORM GST RFD-01   
    • Deficiency Memos     
    • Provisional Refund     
    • Scrutiny of Application           
    • Re-crediting of electronic credit ledger on account of rejection of refund claim    
    • Application for refund of integrated tax paid on export of services and supplies made to a Special Economic Zone developer or a Special Economic Zone unit
    • Disbursal of refunds   
    • Guidelines for refunds of unutilized Input Tax Credit           
    • Guidelines for refund of tax paid on deemed exports          
    • Guidelines for claims of refund of Compensation Cess        
    • Clarifications on issues related to making zero-rated supplies         
    • Refund of transitional credit 
    • Restrictions imposed by sub-rule (10) of rule 96 of the CGST Rules 
    • Clarification on calculation of refund amount for claims of refund of accumulated ITC on account of inverted tax structure      
    • Refund of TDS/TCS deposited in excess        
    • Debit of electronic credit ledger using FORM GST DRC-03   
    • Refund of Integrated Tax paid on Exports     
    • Clarifications on other issues 
    • Annexure-A List of all statements/declarations/undertakings/certificates and other supporting documents to be provided along with the refund application         
    • Annexure-B : Statement of invoices to be submitted with application for refund of unutilized ITC      
  • Clarification regarding optional filing of annual return under notification No. 47/2019- Central Tax dated 9th October, 2019 - regarding

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