Refunds Under GST Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the… Read More »
GST Refund Provisions CA. Rohini Aggarawal Published on Nov 10, 2016 Relevant provisions under Model GST Law by CA. Rohini Aggarawal, Delhi Related Post Steps to enrol on GST Common Portal (India) How to login to GST Common Portal (India) How to Enroll on GST Portal (India) -FAQ’s What is GST? How does it work?-… Read More »
GST Refund Process -Flow Chart Key Points about GST Refund :- The refund claimed in Part B of GSTR-3 shall be deemed to be an application filed for refund. The provisional refund, i.e., 80% of refund claimed shall be granted on satisfaction of following conditions:- ➢ Person claiming refund has not been prosecuted for… Read More »
GST Refund Formats Download Following GST Refund Formats:- GST RFD 01, GST RFD 02, GST RFD 03, GST RFD 04, GST RFD 05, GST RFD 06, GST RFD 07, GST RFD 08, GST RFD 09, GST RFD 10 Sl. No Form Number Content 1. GST RFD 01 Refund Application form -Annexure 1 Details of Goods… Read More »
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… Read More »
10 GST Refund Forms under GST of India 10 GST Refund Forms prescribed 10 Forms have been prescribed for Refunds under GST (Form GST RFD-01- Form GST RFD- 10), namely- Sl. No Form Number Content 1. GST RFD-01 Refund Application form–Annexure 1 Details of Goods –Annexure 2 Certificate by CA 2. GST RFD-02 Acknowledgement 3.… Read More »
GST Refund Process Free Education Guide on Goods & Service Tax (GST) SR No Topic -GST Resources 1 Model GST Law Model GST Law 2 GST Overview Goods 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… Read More »