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TMI BlogMechanism for 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 ..... price of export goods needs to be revised, subsequent to their exports, due to various reasons such as linking of the prices of the export commodities to some international index or as per the terms of contract between the two parties, etc. In such cases, where there is upward revision in price of goods subsequent to exports, the exporter is required to pay additional IGST on account of upward price revision along with applicable interest but there exists no mechanism for allowing them to claim refund of such additional IGST paid. 2. In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Chief Commissioner, in exercise of its powers conferred by section 168 of the Rajasthan Goods and Se ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T 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 sub-rule (2) of rule 89 of the RGST Rules. The exporter shall also upload the statements 9A and 9B as prescribed in clause (bb) and clause (bc) of sub- ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pplication can be filed before the expiry of a period of two years from the date on which the said sub-rule has come into force. 6. 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 debi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... speaking order along with the refund sanction order in Form GST RFD-06 in terms of Instruction No. 03/2022-GST dated June 14, 2022. 9. Further, there may be certain cases where there is downward revision in price of goods subsequent to exports, when the export has been made with payment of IGST. In all such cases, the supplier of goods/exporter is required to deposit the refund of the IGST received in proportion to the reduction in price of exported goods, along with applicable interest. The proper officer while granting the refund as per para 8 above, shall also verify whether the exporter has deposited the excess refund amount in the cases where there is a downward revision in price of goods subsequent to exports, during the relevant tax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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