BYCARAIITTmar.
com
www.CA CHAPTER 15 REFUND
Reasons of REFUND
Th il
thlerted
28psfatee
Deemed EXPORT other
iesupplyto 100 TAXRate Reasons
1 sea eovete.pt sme
Refund refund pitfund Provisiona
Refund
From Due to Assessme
Excess Ten Refund
ÉÉ5 Ér Amount Holder coffthm
Inter
Due to
Judgment
Inciting etc
CTP H Refund
NRTP Due to
RETROS
pective
FIN
Special
order
ANY
other
SECTION 54 Refund in General
SECTION 55 Refund to win Holder
SECTION 56 Intent on Refund
SECTION 57 Consumer welfare fund IN
SECTION 58 consumer welfare fund out
Ryle 89 4 Zero RatedSupply
Rule 8915 Inverted TAX Rate structure
2
SEC 57
3
4
D
5
FORM of Refund
Any Refistered person refused to file RFD 01 Except
a WHEN Refund of test is processed custom
By
Depart on EXpost ofGoods under model first PAY
list and later on claim Refund Here Expist
Documents will be treated as Refund Application
b when Refund of Gst Paid on Inward Supply By
VIN Holder 6 Embassy Beause need to
they
file RFD 10 for claiming such Refund
Supportive Document win Refund APP Cath
Where Refund Amount is up to 2 laws no Need of
supportive Documents just Declaration is sufficient
Where Refund Amount is Rs 2 lake or more then
supportive Document need to be Attached with Applie
Reversal of ITC
where It is Required to be Refunded then while filing
RFD O1 Equal Amount of ITC need to be Reduced
from E credit Ledger MOREOVER if Refund Application is
Rejected then the Ire Amount shall be Re credit in
E credit ledges
Refund to whom
Refund shall be Allowed to the person who Borne the
Incidence of tax
He Export oftaxable Supply Zero RatedSupply
Export of Exempted supply Zero Rated Supply
Refund Under 6
ZERO Rated Supply
Supply to Abroad
Supply to SEZ UID
U'Ider OR
Bond on paymentof
Ruthott Payment output IEST
ofOutput Iast LAIR on claim
1 Refund
1
Zero Rate Zero Rate zeitrate
Zero Rate
SupplyofGoods supply of supplyofGoods supply of
service 1 se vice
Refund of output
be
Refund of
Iast shall OUTPUTGST
ads processed BY
shall be
Refund of Itc on custom Refalt processed By
NONeedof RFD 01 cost Depart
suput and Input
service shall be
processed ByGST I ffFFsrr i 3B
mannerfiled.BY
Department Epqjjtmigilike.iePayoutputIas
shipbing Bill etc stall be usingITCand
By
whatwill be the maximum Amount TREATED AsRefundApplication CASH
File Gstr 1 BB ie NOW fileRFD
Éd 1iared as per
FORMULA Given VIR 89 4 ie
payment of Iast to
restwakutton officer
for claiming
Refund
FORMULA Based Amountxxx will process the
Application
2 E Credit LedgerBalance Amount Howeverin caseof
At the time of filing of upwardRevision in
RFD 1 XXX PRICESAfter Export
1 first PayAdditimal95T
3 E credit Ledger Balance
After fling 3B of Relevant to GstDepalt
Period Because we should 1 After thatclaim
on Refund from
first try to use Ite
maximum as possible Xxx
whoever is lowest I
me EE EI Ir n
7
Howtocalculateformula BasedAmount U R 89 4
I Étiana
ITfatoossunderbondlut.EEYEfvanehiaiue or tests c
in Relevant Penod
t.tkt xxx
FORSERVICS
Payment Receivedin Relevant XXX
period future Advances f PASTAdvances
EXpost of Exempted Supply
ofgud serveF
NET IR of Inputand
ET ofGoods ExportTo
ofSERYI FETFFFFFF.am
Feta goods expose to e serve other to_
Including ITC Related
to Deemed Expose
Ignore openingBalance The turnover
of ITC in Respect of
which ITC has
takes
Exportoftaxable
Goods services on
payment of GST
Domethe supply of
Taxable Goods
SERVICES
supply to 100 EOU
etc ieDeemed
Export
8
IRYI.tt Ier ed supplies
Where Refund is Given Gst Depart Imbeat
By can be processed
then 90 of Refund claimed
on Provisional Basis
Prosecuted in LAST 5years
15th Ame
P than re 2.5 crore
DeemedEXpost for hoodsonly EXPORT
Recipient
supply of Goods failan Authorisation
supplier
Deemed
Expost
Éfd Holder
etc
whetheroistBenefit
on deemed Export
will be available 8 YES
to ethom 91
Supplejyreatient
supplies is
Where where recipient claim
Authorised By Recipient Benefit of cost 15that
as supplies can claim Benefit Case supplies will
Then supplies will Not charge ast from the
charge Gst from Recipient Reapent
in the Bill Recipient will Book
AND supplies will pay Gst the ITC of and
out of his own pocket to Govt claim Refund from
and get Refund from depart Gort By RFD 01
g
Inverted TAX Rate structure
Section 54 3 Rule 89 5
WHAT is Inverted TAX Ratestructure
where output Gst Rate is Less than Gst Rate of
Inputs this situation is called ITRS
In this case even After payment of outputGST
there may be Some UNUTILISED Balance of ITC
Hence the Balance of Ite shall be Refunded
By Calculating as per formula
i t.IE i t o
9Gstuse EF
Ite
72 10500
UNUtilisedBalance 2Ite
to be Refunded By Gort
Decide whether following cases are covered under ITRS
Exempt
t.ie EEEmoimiratatee
Ads No this CASE is Not an ITR se
10
RateCHANGEERADER
TRADER
Gaia t.ee
sitI yeaF
22 In year's2025 GstRate
change to 5
NO this case is not an IT RS case
RateCHANGE TRADER
TRADER
41 Feet FEff.ua EPErm
khie.tw nts51
19 51 7
YES It is a case of IRS 1 0
FORMULA under Rule 8915
All INPUT ITC Output Gst ITRS 6919
Ko Proposhonale KARO C Ko proportionate KARO
13the Ratio of Turnover Itc Ke ratio me
ITCofAllINPUT
Interest 71 r's otherton 1s Itcoe.atInput
In Respectof whim
Ite has already been
Itp TERM
Availed ie like
Rule 8914 calculator
11
Examlee
IR
IR 5
EF
ContainerJAR18 0
IEE.is
PANIR 18
0000
350000
e1s1
Boxouter 818 0 CURD 18
8 It
In ofInfutServile d
111
Is it Itrs Case YES
nyy
Its
INpUFIR
Entries
noon
62105 24583 Re 37 522
CRI
Propostinale Proportionate
of past ITRS
offtispun
12
13
Note IF sale proceeds not Realised with intime
then Deposit Back WIH Interest U 5 50 within
30
Days EXtension
However IF RBI Permits ie Allow waiver than
No need to Deposit BACK
IF the Amount Realised at later Date then get
Back win in 3 month of realisation
Rule 9513
MECHANISM FOR Refund of tax Paid on Inward Supply
of Goods Received C SD
By
GERTAL File RFP 10A ONCE 15
Quarter
EveryGST 50 of
and it shall
be dealt with like
Reais
sumin
a
IY amee received a
Authorised
Gst NO of CSD
Gst shall be customer
of CSD
charged
GSTR L 3B
must be filed By
Mr X for the
concerned TAX
period
