In the case of the export of goods and services with payment, the shipping bill by default acts as a gst refund application in delhi. However, in case of a refund application without payment of tax, RFD-01 should be filled as follows:
• Open GST Portal, log in, select services, then Refund selection. Select the application for refund and click on the export of services with/without payment of tax. Finally, get RFD-01.
• You can fill out form RFD-01 at the GST portal to get a refund. If you are claiming a refund for multiple periods, you can file the same application.
• You must have zero-rated supplies and adjusted total turnover for the period you want to apply for a refund.
• In the NET ITC table fill...
In the case of the export of goods and services with payment, the shipping bill by default acts as a gst refund application in delhi. However, in case of a refund application without payment of tax, RFD-01 should be filled as follows:
• Open GST Portal, log in, select services, then Refund selection. Select the application for refund and click on the export of services with/without payment of tax. Finally, get RFD-01.
• You can fill out form RFD-01 at the GST portal to get a refund. If you are claiming a refund for multiple periods, you can file the same application.
• You must have zero-rated supplies and adjusted total turnover for the period you want to apply for a refund.
• In the NET ITC table fill the ITC attributes of zero-rated supply along with RFD-01.
• The system will calculate the eligible amount automatically and post it in the column” maximum refund amount to be claimed”.
• When filling out the form and posting the maximum refund amount, make sure that amount is equal to or lower than the balance in each electronic credit ledger. The total amount should not be more than the “maximum refund amount to be claimed” in Statement 3A. It should not increase the calculated aggregate in the table ” balance in the electronic ledger at the end of the tax period.”
• The form GST RFD-01 is no rectification form, so utmost precaution is needed. Fill out the form and upload all the required documents.
• After an application is submitted a Reference Number(ARN) is generated and the application is assigned to the Refund processing officer. You can track your status using an ARN number.
In addition, applicants need to ensure that invoice details under GSTR-1 and refund statements should be the same. More info visit to lexntax.com
