20 Refund

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1. Which sec on governs the provisions regarding Ans:- a b c d
refund in GST?
a. Sec on 53 8. _____________ will be treated as applica on for

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b. Sec on 45 refund in case of IGST paid on goods exported.
c. Sec on 54 a. GSTR – 3
d. Sec on 52 b. Form GST RFD-01A

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Ans:- a b c d c. Shipping Bill / Bill of Export
d. FIRC
2. Mr. Veer claim refund if he has paid excess tax by Ans:- a b c d
mistake?
a. Yes 9. Is there any provision of provisional payment of
b. No refund in case of exports or not?
c. Par ally correct a. Yes
d. None of above b. No
Ans:- a b c d c. Par ally correct

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d. No clarifica on in the Act
3. Which among the following are zero rated supplies? Ans:- a b c d
a. Exports
b. Supplies to SEZ 10. Refund shall not be paid to the applicant if the
c. Exports and Imports amount of refund is less than
d. Both (a) and (b) a. Rs. 1000
Ans:- a b c d b. Rs. 5000
c. Rs. 7000
4. Refund claim of an exporter of goods shall be
Ac d. Rs. 10000
processed by_________________. Ans;- a b c d
a. GSTN
b. Customs Department 11. The proper officer shall issue the order for the
c. GST Department refund claim within sixty days from the date
d. CBIC of____________?
Ans:- a b c d a. Receipt of applica on
b. Acknowledgment of applica on
5. The me limit for filing refund claim is ___________ c. Start of processing of refund
from the relevant date. d. None of the above
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a. One year Ans:- a b c d

b. Two years
c. One and half year 12 In which of the following forms acknowledgment of
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d. Half year refund applica on is received?

Ans:- a b c d a) GST-RFD-01A
b) RFD-04/06/07
6. Refunds will not be allowed in cases of:- c) GST-RFD-01B
a. Exports made on which export duty is levied d) GST-RFD-02
b. Exports made without payment of tax Ans:- a b c d
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c. Inverted duty structures where tax on inputs are

higher than tax on outputs 13. What is the maximum me limit allowed to proper
d. None of the above officer for issuing order (whether in favour or against)
Ans:- a b c d the refund applica on?
a. 15 days
7. A registered person can claim refund any unu lised b. 60 days
input tax credit on zero rated supplies without c. 45 days
payment of tax or the credit accumulated on account d. 6 months
of inverted tax rate structure: Ans:- a b c d
(a) at the end of the tax period, but before the expiry of
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2 years from the relevant date. 14. In case of deemed export, refund applica on can be
(b) before the expiry of the tax period. made by__________.
(c) before the expiry of 3 years from the relevant date. a. Recipient only
(d) before the expiry of 18 months from the relevant b. Supplier only
date. c. Either by supplier or by recipient

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 d. None of the above 21. Which of the following op ons is not available to
Ans:- a b c d exporters :
a. Pay IGST on exports and claim refund of IGST

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15. Only supply of goods or services to SEZ unit is not an b. Clear goods for export without payment of IGST
absolute evidence for claiming refund, the assurance and claim refund of ITC
from the specified officer of the zone in the form of c. If part supplies are exports, he can u lize that

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receipt is also required. Validate the statement. credit for payment of GST on supplies within India
a. Correct d. None of the above
b. Incorrect Ans:- a b c d
c. Par ally correct
d. None of the above 22. Mode of calcula on of refund of ITC in zero rated
Ans:- a b c d supplies is as follows:
a. Refund Amount = (Turnover of zero-rated supply of
16. Interest on refund amount is required to be paid goods + Turnover of zero-rated supply of services)*
a er expiry of from the date of receipt of the Net ITC / Adjusted Total turnover

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applica on b. Refund Amount = (Turnover of zero-rated supply of
a. 60 days goods + Turnover of zero-rated supply of services)*
b. 90 days Net ITC / Gross Total turnover
c. 180 days c. Refund Amount = Turnover of zero-rated supply of
d. 240 days goods * Net ITC / Adjusted Total turnover
Ans:- a b c d d. Refund Amount = Turnover of zero-rated supply of
services* Net ITC / Adjusted Total turnover
17. The interest shall be payable @ _______ for Ans:- a b c d
withholding the refund amount.
Ac
a. 5% 23. Mode of calcula on of refund in case of inverted
b. 7% duty structure :
c. 6% a. Refund Amount = {[(Turnover of inverted rated
d. 6.5% supply of goods and services)* Net ITC] / Adjusted
Ans:- a b c d Total turnover}- tax payable on such inverted rated
supply of goods and services
18. What is the full form of EPCG? b. Refund Amount = {[(Turnover of inverted rated
a. Export Promo on Custom Goods supply of goods and services)* Net ITC] / Gross
b. Export Performance Capital Goods Total turnover}- tax payable on such inverted rated
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c. Deemed Export Promo on Credit Goods supply of goods and services

d. Export Promo on Capital Goods c. Refund Amount = {[(Turnover of supply of goods
Ans: - a b c d and services)* Net ITC] / Adjusted Total turnover}-
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tax payable on such supply of goods and services

19. What is the full form of LUT? d. Refund Amount = {[(Turnover of inverted rated
a. Le er of Undertaking supply of goods and services)* Net ITC] / Net
b. Le er of Unu lized ITC turnover}- tax payable on such inverted rated
c. Le er of Unique Iden fica on supply of goods and services
d. Loading Under Transit Ans:- a b c d
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Ans:- a b c d
24. Order sanc oning the amount of refund due to the
20. Refund amount is credited to________, if the said applicant on a provisional basis shall be made
amount is refundable and to_________, if the within ________ from the date of the
amount is not refundable. acknowledgement.
a. Bank account of the registered applicant, a. 7 days
Consumer applica on fund b. 15 days
b. Bank account of the unregistered applicant, c. 30 days
Consumer applica on fund d. 45 days
c. Bank account of the registered applicant, Ans:- a b c d
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Consumer Welfare Fund

d. Consumer Welfare Fund, Bank account of 25. Refunds would be allowed on a provisional basis in
registered applicant case of refund claims on account of zero rated
Ans:- a b c d supplies of goods and / or services made by
registered persons. At what percentage, would such

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 provisional refunds be granted? 31. The applicant is not required to furnish documentary
a. 70% evidence if the amount of refund claimed is less
b. 65% than:-

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c. 80% a. Rs. 6 lacs
d. 90% b. Rs. 2 lac
Ans:- a b c d c. Rs. 10 lac

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d. Rs. 20 lac
26. In case of IGST, 50% will be credited to Central Ans:- a b c d
Consumer Fund and balance 50% to State Consumer
Welfare Fund. Validate. 32. The sanc oned refund amount can be adjusted
a. True against the payments which the assessee is liable to
b. False pay but remains unpaid under the erstwhile law.
c. Par ally correct a. Tax
d. None of above b. Penalty
Ans:- a b c d c. Interest and other amounts

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d. All of the above
27. Supplier supplying goods or services to UN Agencies Ans:- a b c d
should indicate _____________ in the invoice so that
recipient can claim refund. 33. The SEZ developer or SEZ unit expor ng goods and /
a. UIN or services shall not be eligible to claim refund of
b. GST IGST paid by the registered taxable person on such
c. UNN supply. Is this statement -
d. GSTIN a. True
Ans:- a b c d
Ac b. False
Ans:- a b c d
28. 'Tourist' means a person not normally resident in
India, who enters India for a stay of not more than 34. Mr. A has claimed refund of GST of INR 10,000/-. He
_________ for legi mate non-immigrant purposes. asks you the possibili es where refund can be
a. Six months withheld by the department?
b. Twelve months a) If a person has failed to furnish any return, refund
c. Nine months will be withheld ll he files such return.
d. Three months b) If the registered person is required to pay any tax,
Ans:- a b c d interest, or penalty which has not been stayed by
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the appellate authority / Tribunal court, ll he pays

29 Mr. Z comes to India as a tourist. here he took some such interest or penalty, refund will be withheld.
services worth Rs. 1,00,000 having tax element of say The proper officer can also deduct unpaid taxes,
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Rs. 20,000. What amount of tax shall be allowed as interest, penalty, late fee, if any, from the
refund? refundable amount.
a)20000 c) The commissioner can withhold any refund if the
b) 1,00,000 order of refund is under appeal and he is of the
c) 80,000 opinion that grant of such refund will adversely
d) 0 affect revenue in the said appeal on account of
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Ans:- a b c d malfeasance or fraud commi ed.

d) In all of the above circumstances, refund can be
30. What is the me limit for filing of refund applica on withheld
by a specialised agency of the UNO? Ans:- a b c d
a. Before the expiry of eight months from the last day
of the quarter in which such inward supply 35. M/s. Sunlight Associates, is a management
received consultancy firm located in Delhi and has certain
b. Before expiry of eight months from the last day of foreign clients to whom the firm provides business
the month in which such inward supply received support services. In regard to one of the foreign
c. Before expiry of six months from the last day of the client, certain services were rendered in the month of
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month in which such inward supply was received January, 2018 and the invoice was duly raised. The
d. Before expiry of six months from the last day of the firm undertakes such export of services against Le er
quarter in which such inward supply was received of Undertaking, i.e. without payment of integrated
Ans:- a b c d tax. However, it is likely that the payment against such
invoice would not be received ll March, 2019. Is M/s.

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 Sunlight Associates, required to pay integrated tax on 48,000/- GST RFD-01 is filed on 30- Sep-2020. Note:
such transac on if the payment is not received ll Payment is received in US Dollars ($) for all
March, 2019? In case integrated tax is payable, is M/s. transac ons except transac on (i). Determine in

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Sunlight Associates, en tled to claim refund on this which of above men oned transac ons, refund is
account? State which of the following op on is available to M/s. Global Exports (P) Ltd.?
correct (a) (ii), (iii) and (iv)
(a) Integrated tax is payable by M/s. Sunlight (b) (I), (ii) and (iv)

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Associates, but refund of payment of such tax is (c) (iii) and (iv)
not allowed (d) (i) and (ii)
(b) Integrated tax is payable by the foreign client and Ans:- a b c d
M/s. Sunlight Associates can claim ITC of such
payment made 37. M/s. Raman Plas cs, is a manufacturer of plas c
(c) Integrated tax is payable by M/s. Sunlight toys. It is registered person under GST in Shimla,
Associates, and refund of payment of such tax is Himachal Pradesh. It procures its raw materials from
allowed Punjab. During the month of April-2018, it
(d) Integrated tax is not payable and refund of purchased material of Rs. 35.00 Lakh and paid IGST

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accumulated ITC is allowed thereon amoun ng to Rs. 6.30 Lakh. It supplied 30%
Ans:- a b c d of its produc on in the State of Jammu and Kashmir,
whereas the 70% of its produc on was supplied
36. M/s. Global Exports (P) Ltd. made following supplies taxable @ 0.1% to a merchant exporter during the
as under: month of Apr-2018. The returns for the month of
(I) Exports of taxable goods made on 01-Jun-2018 with April, 2018 were duly filed in me. The last date
payment of tax. GST returns were duly filed in me. upto which the taxpayer can claim refund of input
However, GST RFD-01 has not been filed. tax credit on account of inverted duty structure is
(ii) Exports of exempted goods were made on 15-Jul-
Ac a) 20-Apr-2020
2018 under le er of undertaking. However, input tax b) 31-Mar-2021
credit in respect of manufacturing of such goods is c) 20-Apr-2021
Rs. 50,000/. Refund applica on GST RFD01 is filed d) 20-Apr-2019
on 30-Apr 2019 i.e. a er end of financial year 2018- Ans:- a b c d
19.
(iii) Goods supplied to export oriented unit on 29-Jul- 38. M/s XYZ ltd. filed & applica on for refund of tax
2018 and return for the month of July, 2018 was amoun ng 10 lakh on 01 Oct 2018. the refund
filed on 20Aug-2018. Input tax credit in respect of was granted on 25 Dec 2018. Compute the
such supply is Rs. 26,000/- and an undertaking was amount of interest, if any payable to XYZ ltd. as
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received from the recipient that it will not claim per the provision of Sec 56 of CGST Act 2017.
input tax credit and supplier may seek refund. GST a. 4110
RFD-01 is filed on 01Dec-2020. b.13973
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(iv) Supply of services outside India were made on 11- c.9863

Aug2018 and payment was received on 10- Oct- d. Nil
2018. Input tax credit in respect of such supply is Rs. Ans:- a b c d
Answers:-
1 c 11 a 21 d 31 b
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2 a 12 d 22 a 32 d

3 d 13 b 23 a 33 b

4 b 14 c 24 a 34 d

5 b 15 a 25 d 35 c

6 a 16 a 26 a 36 b
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7 a 17 c 27 a 37 b

8 c 18 d 28 a 38 a

9 a 19 a 29 d

10 a 20 c 30 d

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