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Bill

Home Acts & Rules Bill GST - Draft-Bills-Reports Report on - Business Processes for GST on Refund Process - [August 2015] This

Report on - Business Processes for GST on Refund Process - [August 2015]
Para 1 : INTRODUCTION
Para 2 : SITUATIONS WHERE REFUNDS WOULD ARISE
Para 2 (A) : EXCESS PAYMENT OF TAX DUE TO MISTAKE OR INADVERTENTCE
Para 2 (B) : EXPORT (INCLUDING DEEMED EXPORT) OF GOODS / SERVICES UNDER CLAIM OF REBATE OR REFUND OF ACCUMULATED CREDIT OF TAX WHEN GOODS/SERVICES ARE EXPORTED
Para 2 (C) : FINALIZATION OF PROVISIONAL ASSESSMENT
Para 2 (D)  : REFUND OF PRE – DEPOSIT FOR FILING APPEAL INCLUDING REFUND ARISING IN PURSUANCE OF AN APPELLATE AUTHORITY’S ORDER
Para 2 (E) : PAYMENT OF DUTY/TAX DURING INVESTIGATION BUT NO / LESS LIABILITY ARISES AT THE TIME OF FINALIZATION OF INVESTIGATION / ADJUDIACTION
Para 2 (F) : REFUND FOR TAX PAYMENT ON PURCHASE BY UN BODIES, SUPPLIES TO CSD CANTEENS, PARA MILITARY FORCES CANTEENS, ETC
Para 2 (G) : TAX CREDIT ON INPUTS USED FOR MANUFACTURING /GENERATION /PRODUCTION /CREATION OF TAX FREE SUPPLIES OR NON-GST SUPPLIES
Para 2 (H) : REFUND OF CARRY FORWARD INPUT TAX CREDIT
Para 2 (I) : REFUND ON ACCOUNT OF YEAR END OR VOLUME BASED INCENTIVES PROVIDED BY THE SUPPLIER THROUGH C REDIT NOTES
Para 2 (J) : TAX REFUND FOR INTERNATIONAL TOURISTS
Para 3 : REFUND FORMS
Para 4 : TIME PERIOD FOR FILING OF REFUND AND RELEVANT DATE
Para 5 : SUPPORTING DCOUMENTS
Para 6 : RECEIPT OF REFUND APPLICATION AND PROCEDURE FOR GENERATING PROOF OF RECEIPT OF APPLICATION FOR REFUND
Para 7 : NUMBER OF COPIES OF APPLICATIONS TO BE FILED
Para 8 : REQUIREMENT FOR TAXPAYER TO KEEP A COPY OF REFUND APPLICATION FOR THE PRESCRIBED PERIOD
Para 9 : PROCEDURE AND TIME WITHIN WHICH PRELIMINARY SCRUTINY OF SUBMISSION OF THE RELEVANT DOCUMENTS IS CARRIED OUT
Para 10 : PROCEDURE FOR DEALING WITH REFUND THEREAFTER INCLUDING EXAMINATION OF PRINCIPLE OF “UNJUST ENRICHMENT”
Para 11 : MINIMUM AMOUNT BELOW WHICH REFUND SHALL NOT BE GRANTED
Para 12 : SANCTIONING OF REFUND
Para 13 : VERIFICATION AND CONTROL
Para 14 : INTEREST
Para 15 : ADJUSTMENT
Para 16 : RECOVERY OF ERRONEUS REFUND
ANNEXURE-I : CONSTITUTION ORDER OF JOINT COMMITTEE ON BUSINESS PROCESSES FOR GST
ANNEXURE-II  : CONSTITUTION OF SUB-COMMITTEE ON GST REFUND PROCESSES
ANNEXURE-III  : LIST OF PARTICIPANTS OF THE MEETING HELD ON 22ND AND 23RD JULY, 2015
ANNEXURE-IV : Form GST – Refund Claim Form - To be used by Tax Payers only
ANNEXURE-V : Form GST - Refund order
ANNEXURE-VI : Reduction / Adjustment Summary
ANNEXURE-VII : Form GST - Refund Claim Form - To be used only by Embassies, International and Public Organisations and their Officials
 
 
 

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