Advisory for Taxpayers to file Refund for Multiple Tax period

Posted on October 16, 2018October 16, 2018 by admin

Advisory for Taxpayers to file Refund for Multiple Tax period
16/10/2018

Refund application filing for multiple tax period is available for below grounds of refund:
a.Export of Goods & Services-Without payment of Tax
b.Export of services with payment of tax
c.Supplies made to SEZ Unit/SEZ Developer-Without payment of Tax
d.Supplies made to SEZ Unit/SEZ Developer-With payment of Tax
e.ITC accumulated due to inverted tax structure
f.Claim by recipient /supplier of deemed exports
Refund application can be filed using refund application Form GST-RFD-01A & selecting the tax period range
The multiple tax period application has following restrictions:
a.Multiple tax period selection should be within a single financial year
b.Application has to be filed chronologically for tax periods and in case refund application is not to be filed for any tax period, a declaration of “No Refund Application” is to be provided.
-For e.g.: If tax payer wants to file refund application for period April 2018 to June 2018 and there is no refund application filed for period previous to April 2018, then: First, taxpayer would have to file No refund application till April 2018 & Post that file refund application for April 2018 to June 2018
For claiming refund, taxpayer would have to upload invoice details mandatorily in the statement template available in the refund application itself. The statement uploaded by taxpayers will be validated by system from the invoice data declared/provided by the taxpayer at the time of filing return for that period for which refund is claimed. Only after validating data from system, the taxpayer would be able to file refund application
All the invoice details are to be provided in a single statement. Taxpayer is not required to upload multiple statements for different periods separately
After filing refund application, taxpayer would not be able to claim refund for that invoice again in some other refund application as the system will lock the invoice for which refund is claimed in one application. Also, taxpayer would not be able to amend invoice details after claiming refund
Taxpayer can also attach any other supporting document (maximum 4 documents in pdf format of size 5MB each)
After filing of refund application by taxpayer, refund application Form GST-RFD-01A along with the statement and documents uploaded shall be available to jurisdictional tax officer for review and processing of refund

file Refund for Multiple Tax period

New releases on GST Portal, as on 12.10.2018

Posted on October 15, 2018October 15, 2018 by admin

New releases on GST Portal, as on 12.10.2018

Given below is update for you, on new functionalities, which were made available on GST Portal, recently:

(A) Refund: Application for Refund can now be filed for multiple tax periods, in following refund cases :

1. Export of services with payment of tax with facility to upload Statement 1

2. ITC accumulated due to Inverted tax structure with facility to upload Statement 2

3. On account of supplies made to SEZ (Unit and Developer) with payment of IGST with facility to upload Statement 4

4. Recipient/Supplier of deemed export with facility to upload Statement 5B

The user manual and FAQ of this facility is available in the help menu at GST portal and can be accessed by using the link https://www.gst.gov.in/help/refund

(B) Payment of tax in instalments: The application for payment of tax and other amounts in instalments (Form GST DRC-20) has been enabled on GST portal (Refer Section 80 of the CGST Act, 2017 & Rule 158(1) of the CGST Rules, 2017).

The user manual and FAQ of this facility is available in the help menu at GST portal and can be accessed by using the following links:

https://tutorial.gst.gov.in/userguide/demandsandrecovery/index.htm#t=manual_application_for_deferred_payment.htm

https://tutorial.gst.gov.in/userguide/demandsandrecovery/index.htm#t=FAQs_application_for_deferred_payment.htm

(C) Opting in and out of composition scheme: If a taxpayer wishes to opt in or opt out from Composition Scheme, he performs this activity for a particular GSTIN, on the GST Portal. Changes have been made on the GST Portal that, if a user opts in or opts out of Composition scheme then this status will be reflected across all GSTINs, with the same PAN. (Refer proviso to Section 10(2) of the CGST Act, 2017).

(D) Payment: At the time of generation of challan, Mobile No, email-Id and address of tax payer will now be masked for data security.

(E) Challan for ISD Registrants: All Major heads (CGST, IGST, Cess, SGST/UTGST) and all Minor heads (Tax, Interest, penalty, Fee and Others) are enabled during challan generation, for all type of Users on GST portal, in both pre and post login mode. Now, For ISD (Input Service Distributors) users only Fee and Penalty minor heads only will be enabled in challan (under all Major heads (CGST, IGST, Cess, SGST/UTGST)). Rest all other minor heads (Tax, Interest, Others) will remain disabled (and ISD Users will not be able to enter amount under Tax, Interest and Others minor heads).