TaxTMI 
TaxTMI 
Mechanism for refund of additional Integrated Tax (IGST) paid on account of upward revision in price of the goods subsequent to exports.
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....s subsequent to export. It has been represented that there are cases where the price of export goods needs to be revised, subsequent to their exports, due to various reasons such as linking of the prices of the export commodities to some international index or as per the terms of contract between the two parties etc. In such cases, where there is upward revision in price of goods subsequent to exports, the exporter is required to pay additional IGST on account of upward price revision along with applicable interest but there exists no mechanism for allowing them to claim refund of such additional IGST paid. 2. In order to ensure uniformity in the implementation of the provisions of the law across field formations, the Commissioner, in exer....
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....s of development of a separate category of refund in FORM GST RFD-01, for filing an application of refund of such additional IGST paid. However, till the time such separate category for claiming refund of additional amount of IGST paid is developed on the common portal, such exporter(s) may claim refund of the additional IGST paid on account of upward revision in price of goods subsequent to exports, by filing an application of refund in FORM GST RFD-01 under the category "Any other" with remarks "Refund of additional IGST paid on account of increase in price subsequent to export of goods" along with the relevant documents as prescribed in clause (bb) of sub-rule (2) of rule 89 of the CGST Rules. The exporter shall also upload the statement....
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....Rules has come into force, such refund application can be filed before the expiry of a period of two years from the date on which the said sub-rule has come into force. 6. The following documents are required to be accompanied with the refund claim in order to establish that refund is due to such exporter: (a) Copy of shipping bill or bill of exports; (b) Copy of original invoices; (c) Copy of contract/ other document(s), as applicable, indicating requirement for the revision in price of such goods subsequent to exports; (d) Copy of the original invoices as well as relevant debit note(s)/ supplementary invoices; (e) Proof of payment of additional IGST and applicable interest and details of the relevant FORM GSTR-1/ FORM GSTR-3B f....