Deemed exports: revised GST refund forms expand claimant designation and mandate invoice statements, declarations and repayment undertakings. The amendment replaces Table 6 of FORM GSTR-1 to detail reporting of zero rated supplies and deemed exports, and modifies FORM GST RFD-01 and FORM GST RFD-01A by expanding claimant designation to include recipient or supplier of deemed export supplies, inserting a statement for ITC accumulated due to inverted tax structure and a statement for refunds on account of deemed exports, and substituting a two-part declaration and undertaking requiring invoice-level disclosure, mutual non-duplication assurances and repayment with interest if statutory conditions are not met.
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Provisions expressly mentioned in the judgment/order text.
Deemed exports: revised GST refund forms expand claimant designation and mandate invoice statements, declarations and repayment undertakings.
The amendment replaces Table 6 of FORM GSTR-1 to detail reporting of zero rated supplies and deemed exports, and modifies FORM GST RFD-01 and FORM GST RFD-01A by expanding claimant designation to include recipient or supplier of deemed export supplies, inserting a statement for ITC accumulated due to inverted tax structure and a statement for refunds on account of deemed exports, and substituting a two-part declaration and undertaking requiring invoice-level disclosure, mutual non-duplication assurances and repayment with interest if statutory conditions are not met.
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