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TMI BlogClaiming refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exportsX X X X Extracts X X X X X X X X Extracts X X X X ..... h 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 d ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... long 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 det ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... N 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 stat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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