Claiming refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports - GST Ready Reckoner - GST

Claiming refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports [ Rule 89(1B) ] [inserted vide N.N. 12/2024 dated 10/07/2024 ] Any person, claiming refund of additional integrated tax paid on account of upward revision in price of the goods subsequent to exports, and on which the refund of integrated tax paid at the time of export of such goods has already been sanctioned as per rule 96 , may file an application for such refund of additional integrated tax paid, electronically in FORM GST RFD-01 through the common portal, subject to the provisions of rule 10B , before the expiry of two years from the relevant date as per clause (a) of Explanation (2) of section 54 . The said application for refund can, in cases where the relevant date as per clause (a) of Explanation (2) of section 54 was before the date on which this sub-rule comes into force, be filed before the expiry of two years from the date on which this sub-rule comes into force. Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports. [ Circular No. 226/20/2024-GST Dated 11th July, 2024 ] Document to be Furnished along with form GST RFD-01 [ Rule 89(2)(bb) (bc) ] inserted vide N.N. 12/2024 dated 10/07/2024 ] The application under rule 89(1) shall be accompanied by any of the following documentary evidences in Annexure 1 in Form GST RFD-01 , as applicable, to establish that a refund is due to the applicant, namely:- where the refund is on account of upward revision in price of such goods subsequent to exports (bb) a statement containing the number and date of export invoices along with copy of such invoices, the number and date of shipping bills or bills of export along with copy of such shipping bills or bills of export, the number and date of Bank Realisation Certificate or foreign inward remittance certificate in respect of such shipping bills or bills of export along with copy of such Bank Realisation Certificate or foreign inward remittance certificate issued by Authorised Dealer-I Bank, the details of refund already sanctioned under rule 96(3), the number and date of relevant supplementary invoices or debit notes issued subsequent to the upward revision in prices along with copy of such supplementary invoices or debit notes, the details of payment of additional amount of integrated tax, in respect of which such refund is claimed, along with proof of payment of such additional amount of integrated tax and interest paid thereon, the number and date of foreign inward remittance certificate issued by Authorised Dealer-I Bank in respect of additional foreign exchange remittance received in respect of upward revision in price of exports along with copy of such foreign inward remittance certificate, along with a certificate issued by a practicing chartered accountant or a cost accountant to the effect that the said additional foreign exchange remittance is on account of such upward revision in price of the goods subsequent to exports and copy of contract or other documents, as applicable, indicating requirement for the revision in price of exported goods and the price revision thereof. reconciliation statement in case where the refund is on account of upward revision in price of such goods subsequent to exports (bc) a reconciliation statement , reconciling the value of supplies declared in supplementary invoices, debit notes or credit notes issued along with relevant details of Bank Realisation Certificate or foreign inward remittance certificate issued by Authorised Dealer-I Bank, in a case where the refund is on account of upward revision in price of such goods subsequent to exports. Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports [ Circular No. 226/20/2024-GST Dated 11th July, 2024 ] Minimum Amount of Refund No such refund shall be paid if the amount claimed is less than one thousand rupees. Process 3.1 The refund of IGST paid on account of export of goods is processed by the proper officer of Customs in an automated manner without manual intervention in terms of provision of rule 96 of CGST Tax Rules, 2017 . However, there exists no mechanism for processing of refunds of any additional integrated tax paid on account of upward revision in price of goods, subsequent to exports, by the proper officer of customs. Therefore, it has been decided that such exporter may file an application for refund of such additional IGST paid in FORM GST RFD-01 electronically on the common portal and such application for refunds would be processed by the jurisdictional GST officer of the concerned exporter. Accordingly, CGST Rules have been amended vide Notification No. 12/2024-CT dated 10.07.2024 to provide for filing of such refund application in FORM GST RFD-01 , which shall be dealt with in accordance with provisions of rule 89 of CGST Rules . 3.2 GSTN is in the process of development of a separate category of refund in FORM GST RFD-01 , for filing an application of refund of such additional IGST paid. However, till the time such separate category for claiming refund of additional amount of IGST paid is developed on the common portal, such exporter(s) may claim refund of the additional IGST paid on account of upward revision in price of goods subsequent to exports, by filing an application of refund in FORM GST RFD-01 under the category Any other with remarks Refund of additional IGST paid on account of increase in price subsequent to export of goods along with the relevant documents as prescribed in clause (bb) of rule 89(2) of the CGST Rules . The exporter shall also upload the statements 9A 9B as prescribed in clause (bb) clause (bc) of rule 89(2) of the CGST Rules along with the said refund claim. The exporter may also upload any other document to establish that the refund is admissible to him. 3.3 The said refund application shall be processed based on the documentary proof submitted by the refund applicant. Further, the validated details of shipping bills, amount of IGST involved in such shipping bills, as well as the amount of IGST refund sanctioned by the customs under rule 96(3) of CGST Rules will also be made available to jurisdictional GST officers by GSTN to enable them to process such refund claims of additional IGST paid. Documents Required to be accompanied - The following documents are required to be accompanied with the refund claim in order to establish that refund is due to such exporter: (a) Copy of shipping bill or bill of exports; (b) Copy of original invoices; (c) Copy of contract/ other document(s), as applicable, indicating requirement for the revision in price of such goods subsequent to exports; (d) Copy of the original invoices as well as relevant debit note(s)/ supplementary invoices; (e) Proof of payment of additional IGST and applicable interest and details of the relevant FORM GSTR-1 / FORM GSTR-3B furnished by the applicant in which the said debit note(s)/ supplementary invoice(s) were declared and tax and interest thereon had been paid by the applicant; (f) Proof of receipt of remittance of additional foreign exchange (FIRC) issued by Authorised Dealer-I banks; (g) A certificate of a practising chartered accountant or a cost accountant certifying therein that the said additional foreign exchange remittance is on account of such upward revision in price of the goods subsequent to export; (h) Statement 9A of FORM GST RFD 01 ; and (i) Statement 9B of FORM GST RFD 01 .