Input tax credit refund

[Govinda Raju]

Dear Sirs,

My first question is GST council announced during its recent meeting that Supplies to EOU are at zero rate until March 31st 2018. This has been reiterated through Notifications 47,48,49. However, suppliers are not worried of theirs refund of the same and they feel they will charge but we should not account and they can claim the same at their end. This is confusing.

My second question is on refund of Input tax of July, August and September. As per RFD-01 it suggests that we need to debit Electronic cash ledger and file for refund. However, GST1, 2 is yet to be allowed to file for August and September. Wouldn't they refund based on physical filing? If no why they have given dates for refund? Also, is there any announcement of Administrative wing for refunds in Karnataka Bangalore? please let me know.

Regards,

Govindaraju.S

[DR.MARIAPPAN GOVINDARAJAN]

In my view, refund is possible after filing return GSTR 3 which has not yet been materialized for July 2017.

AI Summary

Confusion Over GST Refunds for Input Tax Credits on Zero-Rated Supplies to EOUs; Filing Issues Noted for July-Sept 2017 An individual raised concerns about the refund process for input tax credits under the Goods and Services Tax (GST) system. They noted that while supplies to Export Oriented Units (EOUs) are zero-rated until March 31, 2018, there is confusion among suppliers regarding refund claims. Additionally, the individual questioned the refund procedure for input taxes from July to September, as the necessary forms (GST1, 2) were not yet available for filing. They inquired about the possibility of refunds based on physical filings and whether any administrative announcements regarding refunds had been made in Karnataka, Bangalore. A respondent suggested that refunds would be possible after filing the GSTR 3 return, which was pending for July 2017.