GST Refund in India – Analysis of Rules and Forms

By | October 3, 2016
(Last Updated On: March 4, 2017)

GST Refunds

  • Section 38 of the Model GST Act contains the provisions regarding refund of tax. Any person claiming refund of any tax and interest shall make an application before the expiry of 2years from the relevant date in prescribed form.
  • 6 GST Refund Rules prescribed-The Draft Refunds Rules have 6 Rules viz. Refund of tax, interest, penalty, fees or any other amount, Grant of provisional refund, Order sanctioning refund, Refund of tax to certain persons etc.

    Download Draft GST Refund Rules released by Govt

  • 10 GST Refund Forms prescribed-10 Forms have been prescribed (Form GST RFD-01- Form GST RFD- 10),

    Download Draft GST Refund Forms released by CBEC

  • Form for GST Refund application- A common GST refund application is prescribed for all GSt refunds arising on various instances which is to be made in Form GST RFD-1 electronically through the Common Portal either directly or from a FC notified by the Board or Commissioner.
  • GST Refund relating to balance amount in electronic cash ledger- Claim for GST refund of balance amount in the electronic cash ledger is to be made through the GST return for the relevant tax period.
  • Provisional GST refund- The Draft GST Refund Rules provides for a stipulation of provisional refund within 7 days from the date of acknowledgement, where the proper officer after scrutinizing the claim is prima facie satisfied. However, such provisional refund, is only contemplated if the compliance rating of the supplier is at least 5 (on scale of 10), amongst other conditions.
  • Documentary evidence to be filled with GST refund application-  GST Refund application is to be accompanied by around 10 documentary evidence to establish that a refund is due to applicant including a CA/CMA Certificate to certify that incidence of the tax and interest, claimed refund, has not been passed to any person, wherever applicable.
  • GST Refund amount to be credited to bank account- Refunds will be directly credited to the bank accounts of the tax payer as declared while obtaining registration and as specified in the application for refund.

Free Education Guide on Goods & Service Tax (GST)

SR NoTopic -GSTResources
1Model GST LawModel GST Law
2GST OverviewGoods and Services Tax (GST): An Overview
  Integrated Goods & Service Tax (IGST) Act Overview
  Meaning and Scope of Supply
  Time of Supply
  Place of Supply of Goods and Service under GST
  Valuation in GST
   Levy of GST & Exemption from Tax
  Job Work under Goods & Service Tax (GST)
  Electronic Commerce under Goods & Service Tax (GST)
3Transition to GSTTransitional Provisions in Goods & Service Tax (GST)
4RegistrationGST Registration FAQ’s
  GST Registration Process -Video
  GST -Draft Registration Rules
  GST -Draft Registration Formats
5InvoiceGST Draft Invoice Rules released by CBEC
  GST Draft Invoice formats Released by CBEC
6Input Tax CreditInput Tax Credit under Goods & Service Tax (GST)
  Concept of Input Service Distributor in Goods & Service Tax (GST)
7PaymentGST Payment of Tax
  GST Draft Payment Rules Released by CBEC
  GST Draft Payment formats Released by CBEC
8RefundsRefund under GST
  Draft GST Refund Forms released by CBEC
  Draft GST Refund Rules released by Govt
9ReturnsReturns Process and matching of Input Tax Credit under GST
  Draft GST Return Rules Released by Govt
  Draft GST Return Formats released by Govt
10Assessment and AuditAssessment and Audit under GST
11Inspection, Search, Seizure and ArrestInspection, Search, Seizure and Arrest under GST
12Offences, Penalty, Prosecution & CompoundingOffences, Penalty, Prosecution & Compounding in GST
13Demands and RecoveryDemands and Recovery under GST
14Appeals and ReviewAppeals, Review and Revision in GST
15Advance RulingAdvance Ruling in Goods and Service Tax (GST)
16Settlement CommissionSettlement Commission in Goods and Service Tax (GST)
17GST PortalFrontend Business Process on GST Portal

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