What is the Process of GST refund filing?

The GST policy wing has further elaborated on the process of refund filing arising on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger vide Circular no. 24/24/2017-GST dated 21.12.2017. We are summarizing the same as given below:

1.Refund would be processed manually as the refund module is yet to be made available in GST portal

2.This circular is applicable for Refund on account of inverted duty structure (i.e accumulated credit where GST rate of input is higher than Tax rate of output tax), Deemed export and Balance in Cash Ledger

3.Refund application to be filed on monthly basis in FORM GST RFD-01A. (Except Taxable person having turnover up to Rs 1.5 cr.)

4.Refund can be filed after filing of GSTR-1 for the relevant month

5.GSTR-3B for the month preceding to the claim month also to be filed before filing refund

6.Refund of inverted duty structure to be paid provisionally till GSTR-2 and GSTR-3 filing gets notified. Statement 1 and Statement 1A of FORM GST RFD-01A have to be filled

7.For Deemed Export, statement 5B of FORM GST RFD-01A is required to be furnished

8.Communication through a dedicated email id communication shall primarily be made through e-mail attaching the scanned copies of the sanction order [FORM GST RFD-04 and FORM GST RFD-06], the application for the refund in FORM GST RFD-01A and the Acknowledgement Receipt Number (ARN).

Notification: http://www.globalcma.in/wp-content/uploads/Refund-Process_gst_circular_24.pdf
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