Manual Filing and Processing of Refund Claims under GST
<p><span>In Circular No. 24/24/2017-GST, dated December 21, 2017, the Ministry of Finance, Government of India, offers crucial clarifications regarding the manual filing and processing of refund claims due to the non-availability of the refund module on the common portal. This circular addresses the refund claims related to the inverted duty structure, deemed exports, and excess balance in the electronic cash ledger.</span></p><h4>Key Highlights:</h4><ol start="1"><li><span><strong>Manual Filing and Processing</strong>: Due to the non-availability of the refund module, refund claims on account of the inverted duty structure, deemed exports, and excess balance in the electronic cash ledger shall be filed and processed manually until further orders.</span></li><li><span><strong>Applicable Refund Types</strong>: Refund of unutilized input tax credit due to higher tax rates on inputs compared to output supplies, tax on deemed export supplies, and excess balance in the electronic cash ledger.</span></li><li><span><strong>Filing Requirements</strong>: Refund claims for zero-rated supplies, inverted duty structure, deemed exports, and excess balance in the electronic cash ledger must be filed for a tax period on a monthly or quarterly basis, depending on the turnover.</span></li><li><span><strong>Undertaking Requirement</strong>: Registered persons applying for refunds must give an undertaking that the refund amount will be paid back with interest if certain conditions are not met.</span></li><li><span><strong>Coordination Between Authorities</strong>: Both Central and State Tax authorities shall nominate nodal officers for the liaisoning of refund processes and ensure timely communication and release of payments.</span></li></ol><p><span>This circular aims to provide clarity and guidance to stakeholders, ensuring a streamlined and consistent approach to refund claims under GST.</span> <a href="https://cms.plasament.com/storage/circularno-24-cgst.pdf">circularno-24-cgst</a><br> </p>