GST Refund

All About Form GST RFD-01A

What are Form GST RFD-01A?

Form GST RFD-01A is an application refund under GST for manual processing; Notification for certain cases of refund.

Log in to GST Portal Refund tab-> Choose an application for the refund option, select the type of refund and fill out the required details and submit. ARN number is generated. Then take a print out along with the ARN number mentioned on it. Submit the related jurisdiction to the GST officer along with the relevant attachments.

Types of refunds where RFD-01A is applicable

RFD-01 can be applied for the following types of refund as depicted in the infographic below:

Form GST RFD-01A

Following types of refunds are currently being processed manually under GST:

  1. IGST paid zero-rated supplies
  2. ITC on export under the letter of undertaking
  3. Claimed in the export case
  4. Reversal claim due to inverse fee structure
  5. Extra balance in electronic cash laser

Format of Refund forms RFD-01 and Form GST RFD-01A

  1. Basic Form :

  1. The GSTIN/ Temporary ID allotted
  2. Legal name
  3. Trade name if any
  4. Address
  5. Tax period for which the claim of refund is made if applicable,
  6. Mention the amount of IGST, CGST and SGST, Interest or cess if any
  7. Select the Grounds for the claim of refund as per the list given.
  8. Details of Bank account into which you want the refund to be credited
  9. Select ‘Yes’ if the Documentary evidence required to be submitted in
  10. Verification: the Authorised person has to sign this in all cases confirming the correctness of information and declarations given.

Below is the view of RFD-01:

Form GST RFD-01A

Form GST RFD-01A
Form GST RFD-01A

The format for Form GST RFD-01A remains same except that the grounds of refund covered are limited here and the Bank details and self-declaration at points (8) and (9) are not present in the form.

The following grounds of refund, which are not covered while filing through RFD-01A

  1. Due to an assessment order
  2. Tax paid on supply not provided and for which the invoice is not issued
  3. Tax paid on Intra State supply which is subsequently held to be Inter-State supply and vice-versa
  4. Refund of Excess tax paid

Calculation of the Refund Amount

Where zero-rated supplies are made without Tax payment by executing a Letter of undertaking:

Formula for calculating ITC refund amount:

Net ITC x [( Turnover of zero-rated supply of Goods + Turnover of zero-rated supply of Services)/ Adjusted Total Turnover]

 

Net ITC : Input tax credit availed on inputs and inputs services during relevant period

Turnover of zero-rated supply of Goods : Value of supply of Goods during relevant period made without tax payment by executing bond/ letter of undertaking for the relevant period

Turnover of zero-rated supply of Services : Value of supply of Services during relevant period made without tax payment by executing bond/ letter of undertaking

Where there is inverted duty structure i.e The rate of tax on Inward supplies exceed the Outward supplies:

Formula to calculate the Maximum Refund amount of ITC:

[Net ITC x (Turnover of inverted rated supply of Goods/ Adjusted Total Turnover)]- Output Tax Payable on Inverted rated supply of Goods

 

Net ITC : Input tax credit availed on inputs used in the supply of inverted rated goods during relevant period

Turnover of inverted rated supply of goods : Turnover for that Supply of Goods that fall under the Inverted rated category.

Adjusted total turnover :Total Turnover in a State/Union territory excluding value exempt supplies for the relevant period

Output tax payable on the inverted rated supply of goods: Tax liability for the relevant period payable on the inverted rated supply of goods.

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