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 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 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)
3 Transition to GST Transitional Provisions in Goods & Service Tax (GST)
4 Registration GST Registration FAQ’s
    GST Registration Process -Video
    GST -Draft Registration Rules
    GST -Draft Registration Formats
5 Invoice GST Draft Invoice Rules released by CBEC
    GST Draft Invoice formats Released by CBEC
6 Input Tax Credit Input Tax Credit under Goods & Service Tax (GST)
    Concept of Input Service Distributor in Goods & Service Tax (GST)
7 Payment GST Payment of Tax
    GST Draft Payment Rules Released by CBEC
    GST Draft Payment formats Released by CBEC
8 Refunds Refund under GST
    Draft GST Refund Forms released by CBEC
    Draft GST Refund Rules released by Govt
9 Returns Returns Process and matching of Input Tax Credit under GST
    Draft GST Return Rules Released by Govt
    Draft GST Return Formats released by Govt
10 Assessment and Audit Assessment and Audit under GST
11 Inspection, Search, Seizure and Arrest Inspection, Search, Seizure and Arrest under GST
12 Offences, Penalty, Prosecution & Compounding Offences, Penalty, Prosecution & Compounding in GST
13 Demands and Recovery Demands and Recovery under GST
14 Appeals and Review Appeals, Review and Revision in GST
15 Advance Ruling Advance Ruling in Goods and Service Tax (GST)
16 Settlement Commission Settlement Commission in Goods and Service Tax (GST)
17 GST Portal Frontend Business Process on GST Portal
Direct Taxes Ready Reckoner Service Tax Ready Reckoner Company Law Ready Reckoner tax deduction at source
New Books Released on Tax , GST and law

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