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Refund under zero rated supply

Others 235 views 1 replies

Vikasanand Gupta

180 Points Posted on 31 July 2020

1. a taxpayer has rightly declared the zero rated supply in GSTR-3B but in GSTR-1, they have wrongly declared zero rated supply as with payment of duty as they have to declared the same in without payment of duty head.

how could they rectify the same and can department will accept the said refund and sanctioned it.
moreover, the said refund pertains to marcy 2018, and may be sanctioned in the light of notification no 35/2020 GST dated 03.04.2020 as amended vide notification no. 55/2020 dated 27.06.2020.

pls clarify it

Replies (1)

CA Mayank A Jain

Chartered Accountant in Practice

1260 Points Posted on 01 August 2020

Rectification of invoice of March 2018 cannot be done post March 2019 GSTR-1 and hence rectification in returns is not possible.

The taxpayer could explain the error to the officer with sufficient documentary evidence. The officer if convinced may issue the refund.

Yes, application could be filed now for the month of March 2018 in light of relaxation provided in 35/2020-CT as section 54 is not covered in the exclusion list.