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Application for Refund of Excess amount from the Electronic Cash Ledger

Q1. How can I claim refund of excess amount available in cash ledger?

1. Balance in the cash ledger should be sufficient.

2. File RFD- 01 A and select the reason of Refund as 'Refund on account of excess balance in cash ledger'.

3. Mention the amount of refund to be claimed in RFD-01A and submit the form.

4. Once Application Reference Number (ARN) is generated, take a print of ARN and submit to the Jurisdictional Authority manually.

Q2. What is the amount limit for claim of refund in case of 'Refund of excess amount from the cash ledger'?

In case of FORM GST RFD-01A, there is no restriction on claiming refund amount from Cash Ledger. However, law specifies that the refund of excess amount in Cash Ledger can be permitted only if amount is greater than Rs. 1000/.

Q3. What is Zero-rated Supply Turnover?

Ans. Zero-rated Supply Turnover is the value of total supplies made on account of exports out of India including export to SEZ for the month or period for which refund of ITC has been sought for. This is the value of supplies for the tax period made for export to a country outside India or to a SEZ by the taxpayer as mentioned in his GSTR 3B.

Q4. What is adjusted Total Turnover?

Ans. Adjusted total turnover is the value of supplies in a State or Union Territory, pertaining to all supplies except exempted supplies, during the month or the period for which refund has been sought for. This is the value of all the supplies except exempted supplies in State/UT made for the relevant tax period as mentioned in his GSTR3B of that tax period.

Q5. What is Net ITC?

Ans. Net ITC is the Input Tax Credit availed by the Taxpayer in his ITC Ledger during the month or the period for which refund is sought for. It is the amount of ITC taken by the taxpayer through Table 4 of his GSTR 3B return of the tax period refund is sought for.

Q6. What are the relied upon documents I have to submit with refund application for ITC refund?

You have to provide all the documents as are required to be filed along with RFD-01 as notified under CGST/SGST Rules and other such documents the refund sanctioning authority may require.

Q7. To whom should I file my application with?

The taxpayer shall take the print of RFD-01A application filed by him on GST Common Portal and processed by the system and file the application along with relied upon documents with the jurisdictional officer. For refund of IGST paid on export of goods, there is no need to file separate refund application, the Shipping Bills are treated as refund applications filed by the taxpayers.

Q8. How can I get my IGST refund where my commercial invoices data of Shipping Bills are not matched with GST invoice data of GSTR1/Table 6A of GSTR-1?

You have to modify your invoice declared under Table 6A of GSTR 1 in Table 9A of GSTR-1 of the subsequent tax period. GST System will revalidate and sent it to Customs for further processing.

The author can also be reached at cavinayreddy@icai.org

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