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of <h1>Exporters Can Claim IGST Refunds on Upward Price Revisions via GST RFD-01; Must Repay for Downward Revisions.</h1> The circular outlines the procedure for exporters to claim refunds on additional Integrated Goods and Services Tax (IGST) paid due to upward price revisions of goods after export. Exporters can file refund applications using FORM GST RFD-01 on the GST portal. Until a specific category for these refunds is developed, claims should be filed under 'Any other' with appropriate documentation. The refund process involves verification by GST officers, ensuring compliance with the CGST Act and Rules. Refunds are not issued for amounts less than one thousand rupees, and applications must be filed within two years of the relevant date. The circular also addresses cases of downward price revisions, requiring exporters to repay excess refunds with interest.
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