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Filing of GST Refund Application

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Overview

There is no doubt that the provisions made related to GST are favorable to all the individuals. The new GST return filing is a lot more smooth and easier. An export made under GST is also known as the NIL supply. It is because the rate of the tax on export is NIL. 

GST Refund for exports under the present return filling

Export with payment of IGST

As per the GST regime, the exporters can claim the Refund of IGST that they pay during export. The GST refund process for export of goods begins with shipping bill. If you want to file the GST refund for export with payment of IGST, you need documents like shipping bills and export-related documents. You can file the GST return at Indian customs Electronic Commerce Gateway.

GSTR-1

It is a form used for filling a Refund for exports. The taxable persons who want to claim the Refund of IGST will have to file GSTR-1. The details that you will provide in GSTR-1 are:

1) Invoice date

2) Port code

3) Shipping invoice number

4) Shipping invoice date

5) Taxable value

6) GST payment

7) Whether the supply is eligible or not

8) Tax amount that is auto-populated 

You must ensure that you mention all the details adequately. In cases of deemed exports, you have to upload the B2B invoice.

GSTR-3B

Furthermore, the GST refund for the exports also includes filling the GSTR-3B. In this form, the applicant must provide details of the relevant amount. It includes other information such as outward taxable supplies and many more. The IGST amount that you enter here must be greater than the value of IGST filled in Table 6A of GSTR-1.

GST RFD-01/RFD-01A

It is the GST form that the exporters need to file in a particular case. RFD-01 is filed completely online, while RFD-01A is manual form.

The cases in which an exporter needs to file this form are:

Export of goods: 

In case of export of goods with the payment of taxes, you do not need to file a separate return application. The shipping bill itself will act as a refund application. The details that you enter in GSTR-1 match the details of the shipping bill. In such cases, ICEGATE will process the Refund and send it to your bank account.

Export of services: 

For export of services, you need to file a separate refund application in RFD-01A. In such cases, you have to visit the online portal of GST. You have to file in all the details needed in RFD-01A. On successful filling of this form, you will get a reference number and track your Refund. 

Export without IGST payment

The GST refund for export involves different documents. You can use the option to export goods without payment either under LUT or a bond. In such cases, your IT, your inputs that are not utilized, will be given as Refund. The LUT option is only for specific exporters. It is for them who satisfy the required criteria. The forms used for filing for GST refund without IGST payments are:

GST RFD-11

It is the form used for filing a GST refund without IGST payment. The exporters can file LUT in the form GST RFD-11. It requires all the necessary details along with the digital signature. To file GST RFD-11, you have obtained the digital signature of the directors. 

Similarly, in case of a bond, you must execute the process manually on the stamp paper. It should be signed by the jurisdictional deputy or the assistant commissioner. The relevant documents that you need to attach are:

1) Form RFD-11

2) Letterhead of the taxpayers

3) Bank guarantee

4) Authority letter, and many more

The jurisdictional after the inspection will submit you the letter of acknowledgment.

GST RFD-01/ GST RFD-01A

Similar to the GST Refund for export, the taxpayer should use this form for tax payment. The details in the form should be filed appropriately. An RFD-01 form is an online form, while the RFD-01A is the manual form. You have to upload all the essential documents needed in the process. 

GST refund for exports under the new return filing

The GST refund process for the exports in RFD-01 and RFD-01A will remain the same under the new system. However, there is a change in reporting the export details. the forms needed in the new process are:

From ANX-1:

GST refund for exports under the new returns will start by filing the ANX-1. This form requires the invoice details of the exports. There are two tables. In table 3C, you have to fill the details about exports with payment. And in 3D, you have to provide the details of the exports without the payment of tax. For a tax period, you need to report all the export invoices. The details that you need to file are:

Documents details like invoice credit, debit, note the serial number and many more

1) HSN code

2) Tax rate and the value of the tax

3) Relevant tax amount

4) Shipping bills

From RET-1: 

The GST refund process for the new system will continue by filing the declaration in RET-1. In this form, you have fill in all the details related to the exports declared in ANX-1. 

New Amendment returns:

As per the new amendment returns, the payment of IGST can be made in the ANX-1A. You can do it by referring to the original details. All these will be auto-populated to RET-1A. 

Important note: the amendment is not for the refunds that are successfully claimed. On the other hand, if you miss the declaration of invoice details in the prior period. You can report it in the ANX-1.

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