Quick Summary
In a significant move aimed at easing compliance for taxpayers, the Goods and Services Tax Network (GSTN) has revamped the refund filing process under three major categories - Export of Services with payment of tax, Supplies made to SEZ Unit/SEZ Developer with payment of tax, and Refund by Supplier
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FAQ :
GSTN has removed the requirement to select a specific tax period and introduced an invoice-based filing system for certain refund categories.
These changes benefit exporters of services with payment of tax, suppliers to SEZ units/developers with payment of tax, and suppliers of deemed exports.
Taxpayers can now directly select their refund category and click 'Create Refund Application', then upload eligible invoices via specific statements (Statement 2 for Export of Services, Statement 4 for SEZ Supplies, Statement 5B for Deemed Exports).
Taxpayers must ensure that all their returns, such as GSTR-1 and GSTR-3B, due up to the date of the refund application have been filed.
Invoices uploaded with a refund application are locked and cannot be amended or used for subsequent refund claims, unless the application is withdrawn or a deficiency memo is issued.
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