ONLINE REFUND PROCESSING

[Ronak Khandelwal]

ONLINE REFUND PROCESSING

SINGLE AUTHORITY DISBURSEMENT

SUMMARY OF REFUND PROCESS

}RFD-01 – REFUND APPLICATION

}RFD-02 – ACKNOWLEDGMENT

}RFD-03 – DEFICIENCY MEMO

}RFD-04 – PROVISIONAL REFUND ORDER

}RFD-05 – PAYMENT ORDER

}RFD-06 – FINAL REFUND SANCTION REJECTION ORDER

}RFD-7B – WITH HOLDING ORDER

}RFD-08 – SHOW CAUSE NOTICE

}RFD-09 – REPLY TO SHOW CAUSE NOTICE BY THE TAXPAYER

}PMT-03 – ORDER FOR RECREDIT OF REJECTED AMOUNT

 

RFD-01 – REFUND APPLICATION

1. PREVIOUS APPLICATION FILE IN FORM RFD-01A ONLINE HAS BEEN DISABLED ON THE POTRAL.
2. HOWEVER THE TAXPAYER SHALL ABLE TO VIEW THE STATUS OF RFD-01A ALONG WITH NEW ONES.
3. BANK ACCOUNT DETAILS MENTIONED IN THE REFUND APPLICATION SHALL VALIDATED BY PFMS AFTER FILLING OF RFD-01.
4. THE TAXPAYER WILL NEED TO CHANGE EDIT THE BANK ACCOUNT DETAILS IF THERE IS FAILURE OF BANK ACCOUNT VALIDATION BY PFMS.
5. THE TAXPAYER NEEDS TO ENTER THE UPDATE BANK ACCOUNT FUNCTIONALITY PROVIDED WITH THE ARN OF THE REFUND APPLICATION.

RFD-02 - ACKNOWLEDGEMENT

1. THE TAX OFFICER SHALL ISSUE RFD-02 ELECTRONICALLY TO THE TAXPAYER.

RFD-03 – DEFICIENCY MEMO

1. PREVIOUS TAX OFFICER ISSUED RFD-03 MANUALLY AND THERE WAS NO AUTO RE-CREDIT OF ITC/CASH.
2. ELECTRONIC PROCESSING :-
3. THE TAX OFFICER SHALL ISSUE RFD-03 ELECTRONICALLY TO THE TAXPAYER.
4. THE ISSUANCE OF THE RFD-03 THE ITC/CASH WILL GET RE-CREDITED TO THE ELECTRONIC CREDIT/CASH LEDGER OF THE TAX PAYER.
5. ONCE RFD-03 HAS BEEN ISSUED AGAINST AN ARN THE TAXPAYER IS REQUIRED TO FILE A FRESH REFUND APPLICATION

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CA RONAK KHANDELWAL

ACA, B.COM