As per section 54 of GCST act, relevant date means the date of communication of such judgement, decree, order or direction to a registered person. 8. Refund means refund of any amount of tax, interest, cess, penalty, pre deposit or any other amount paid to the government, where actual tax liability was either less or had paid the tax which was not leviable. 1. There are various situations under which a registered taxpayer can claim refund under GST. Endorsement(s) from the specified officer of the SEZ regarding receipt of goods/services for authorized operations under second proviso to rule 89(1), Refund of tax paid on supplies made to SEZ units/developer with payment of tax, 3. Supplies include goods and not services manufactured in India. Ans. In this article, we will talk … Do you know about GST Refunds? In this article we will be discussing the circumstances in which refunds under GST are available, the conditions to be … Here are the dates for some cases: This completes the post on Refunds under GST. PRESENTATION PLAN Legal Provisions Refund of Tax Refund Scenarios under GST Refund Procedures Time limit of Refund Withholding of Refund Provision of Interest on Delayed Refunds Consumer Welfare Fund 3. This is because of incorrect application of provisions relating to place of supply. Reasons to Apply for a GST Refund. As per the CGST act 2017, there are various situations under which a registered taxpayer can claim GST refund. 4. According to section 16 of the IGST Act, the term “zero rated supplies” means: Furthermore, a supplier of zero rated supplies can claim ITC even for non – taxable or exempt supplies used in making such zero rated supplies. 2) If Refund Claim is greater than 2 Lakhs: Certificate from Chartered Accountant/Cost Accountant. This refund mechanism enables taxpayers to claim refunds easily under such circumstances. He can get a letter of undertaking (LUT) or a bond to cover the amount of IGST for the sale. Ans: Application for refund can be saved at any stage of completion for a maximum time period of 15 days from the date of creation of refund application.If the same is not filed within 15 days, the saved draft will be purged from the GST database. We hope that above article on refund under GST has provided you a lot of clarity in the concept of GST Refund. We work on the motto of “Making Compliance Easy” which we achieve by way of providing timely and authentic resources to professionals like Chartered Accountants, Company Secretaries, Cost and Managements Accountants, Tax Practitioners, Lawyers and related professionals. The CBIC has clarified the way forward as under: 3.1 Amount of refund is less than INR 1,000 Refund applications to be rejected and the amount re-credited to the electronic credit ledger of the taxpayer through the issuance of FORM GST RFD-01B. Furthermore, the proper officer needs to pass a final assessment order within a period of 6 months from the date of receipt of provisional order mentioned above. 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